Abu Dhabi recently signed a deal with Airbnb to promote the holiday home sector in the capital, following the tourism department's request for holiday homeowners to register on its new online licensing system to help regulate and enhance the market in Abu Dhabi.
But how can home owners register to rent out their property or rooms? And what will encourage renters to choose their property over others?
The National explains.
Rules to be mindful of when renting your home out in Abu Dhabi
It is important to first be aware of the rules around becoming an Airbnb host. A law passed in 2020 about the provision and use of holiday homes in Abu Dhabi requires hosts to register for a permit to rent their places out. Visit the Abu Dhabi Department of Culture and Tourism page for more details.
Also, VAT is a consideration for anyone interested in renting out their home in the UAE. Hosts who receive more than Dh375,000 per year are required to register for, and charge VAT on their services. There is also a voluntary threshold of Dh187,500. Airbnb is legally required to provide information on transactions that take place on the platform on request.
Remember, you must legally own the property in order to rent it out.
How to list your home on Airbnb
Setting up a listing on the site is easy and quick. It should take no more than 30 minutes to complete. The same process applies whether you are listing your whole house or only a room.
To get started, visit Airbnb and select the “become a host option” in the top right hand corner of the page and follow all the steps, answering questions about the property and its amenities.
Next, upload photos, a minimum of five, and create a title for your place. Select any highlights, such as whether it is peaceful, stylish or family-friendly. After creating a description, you select a price, with the help of a suggestion. Airbnb offers you the option to extend a 20 per cent discount to your first three guests to help your listing get booked faster.
After that you are all set. All that remains is for you to review the listing and then publish it.
It will be visible to guests 24 hours after you publish and you can add more information or make changes at any time.
How much you can charge
According to the Airbnb website, hosting your entire home for four guests in Abu Dhabi could net you more than Dh3,400 a month.
Listing a private room counts as two guests, and for a shared room, one guest. To calculate your earnings potential, Airbnb takes the median nightly price, before expenses, fees and taxes, based on bookings in the area from the last 12 months. It then multiplies the number by the total number of occupied nights to get the monthly earnings estimate.
“To estimate the number of nights that you might host, we look at how often others in your area are hosting,” Airbnb says on its website.
According to the site, a three bedroom home for six guests can fetch between Dh450 and Dh757 per night.
When things get damaged or broken
AirCover, which is free for every host on the platform and applied every time someone stays, covers expenses if anything is damaged or broken.
It offers $1 million liability insurance, as well as $1 million damage protection; pet damage protection; deep cleaning protection; a 14-day filing window and income loss protection. Hosts receive reimbursements in nine days on average.
Tips from Airbnb hosts
Leave a note and a local treat for new guests. This is a nice touch which will make them feel welcome and encourage good reviews.
Choose your photos well. “Photos are super important, because that’s what guests see first,” says a host called Ely in an Airbnb video. He rents out Hunter Green House in the Catskills, US with Danielle. “Your first photo is what shows up in search results. So make sure to lead with your best.” The secret of a good shot is good lighting, and you should have a mix of wide shots and details to show how special your place is, she says.
Perfect your title, description and amenities. “Descriptions help not only sell your space, but tell the story of your space. Don’t feel pressure to come up with the perfect description,” says Ray, who rents out a cottage in Paupack, PA, US. Keep it brief and highlight what makes it unique.
Setting the right price to attract more bookings. “When you are just starting out and you don’t have the luxury of all those great reviews, the best thing to do is take a look at other properties in the area, similar listings, and see what they’re priced it. And then price yours a little lower,” says Marco, who rents out a house on Smith Lane in upstate New York on the platform with Lisa. You can raise the price later or add fees and change it depending on the season, she says.
Using your calendar and booking settings will help you attract more guests. “Being a host means hosting when you want and how you want, so plan your calendar accordingly,” says Danielle. Using the feature instant book allows people to book automatically without approval, via a set criteria. “For instance, only allowing guests to book with a government ID and positive reviews to book your home,” says Ely.
Six key elements that can help you boost your search ranking. “Activate instant book; maintain a high acceptance rate; get lots of positive reviews; price competitively; avoid cancellations wherever possible and respond ASAP to guest inquiries,” says Lisa.
The years Ramadan fell in May
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
Federer's 19 grand slam titles
Australian Open (5 titles) - 2004 bt Marat Safin; 2006 bt Marcos Baghdatis; 2007 bt Fernando Gonzalez; 2010 bt Andy Murray; 2017 bt Rafael Nadal
French Open (1 title) - 2009 bt Robin Soderling
Wimbledon (8 titles) - 2003 bt Mark Philippoussis; 2004 bt Andy Roddick; 2005 bt Andy Roddick; 2006 bt Rafael Nadal; 2007 bt Rafael Nadal; 2009 bt Andy Roddick; 2012 bt Andy Murray; 2017 bt Marin Cilic
US Open (5 titles) - 2004 bt Lleyton Hewitt; 2005 bt Andre Agassi; 2006 bt Andy Roddick; 2007 bt Novak Djokovic; 2008 bt Andy Murray
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How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
New Zealand 21 British & Irish Lions 24
New Zealand
Penalties: Barrett (7)
British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The specs: 2017 Ford F-150 Raptor
Price, base / as tested Dh220,000 / Dh320,000
Engine 3.5L V6
Transmission 10-speed automatic
Power 421hp @ 6,000rpm
Torque 678Nm @ 3,750rpm
Fuel economy, combined 14.1L / 100km
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
MATCH INFO
Day 1 at Mount Maunganui
England 241-4
Denly 74, Stokes 67 not out, De Grandhomme 2-28
New Zealand
Yet to bat
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
RACE CARD
5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
4) SIM swap
Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
5) Identity theft
Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
6) Prize scams
Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The five pillars of Islam
HAEMOGLOBIN DISORDERS EXPLAINED
Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.
Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.
The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.
The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.
A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.
Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
