Elegant two-bedroom apartments with spectacular views of the Burj Khalifa fireworks are presently being offered by landlords and real estate agents. Prices start at Dhs 12,000 per night and go up to Dhs 37,000 per night.
On Booking.com, premium penthouses are listed, with rental prices ranging from Dh70,000 to Dh80,000 for a single night. Additionally, the website features listings for upscale apartments that are available for rent between December 30, 2023, and January 1, 2024, with prices ranging from Dh30,000 to Dh50,000.
Notably, classified platforms such as Dubizzle and short-term accommodation apps like Airbnb are experiencing a surge in interest from those eager to celebrate New Year’s Eve, with many properties already booked out.
Vinayak Mahtani, the CEO of bnbme holiday homes, shared insights, stating, “Our downtown properties are commanding rental prices approximately 20-30 percent higher than last year. A prime example is our four-bedroom penthouse, available for Dh 37,000 for the night of the 31st, providing an unobstructed view of the fireworks. This rate comes with a minimum three-night stay requirement.”
The spacious 4,500-square-foot apartment includes the services of a housekeeper and a chef for breakfast. Mahtani added, “Last year, the same apartment rented for around Dh30,000, and this year the rates have increased. During the winter season, this apartment typically rents for about Dh7,000 per night. Other four-bedroom apartments are starting at approximately Dh7,000 per night.”
Residents can occasionally find more affordable options by making early reservations instead of shelling out large sums of money for table reservations at hotels and restaurants in the popular party locations.
Mostafa Hammad, Head of Leads Management at Drehomes Real Estate, highlighted the challenges faced in recent months, stating, “For the past couple of months, we’ve encountered challenges securing available spaces, particularly in Downtown areas. It’s become very expensive. There is zero availability in these areas, especially now. The highest was Dh160,000 per month for a four-bedroom apartment, at the end of November. This particular apartment has a huge balcony and a direct view of Burj Khalifa.”
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