Zero commission on short-stay rentals? Dubai firm Monty offers option

Dubai: A zero commission for landlords on short-term rentals in Dubai?

Yes, provided landlords placing their properties sign up for an upfront subscription.

That’s the promise Monty Holiday Home is promising landlords when the offer goes live March 1.

The landlords need to pay a monthly fee from Dh1,500 rather than a percentage of the rental income generated through each lease. Typically, these commissions range between 15% to 25% of rental earnings, which Monty Holiday Home says significantly reduces profitability.

“With our subscription-based model, we are giving homeowners the power to keep their profits while still enjoying world-class management and AI-driven automation,” said Abir Chammah, co-founder and Managing Director at Monty Holiday Home. “This is the future of short-term rentals.”

Multiple consumer services have seen subscription-based payment options becoming available.

In this case, it would be up to the individual landlords to decide what costs them less when paying the property rental firm on short-stay leases.

Other prop-tech platforms have also been thinking about launching subscription-based services, each promising landlords that they get to keep their costs down.

The Monty Holiday Home subscription allows:

* Homeowners to retain 100% of their rental income with a fixed subscription fee.

* There is 'dynamic pricing' and automated booking management to 'maximize occupancy and revenue'.

* The platform provides 'full financial transparency' and revenue tracking.

Dubai's short-stay market continues to see a steady flow of new properties and landlords coming in. This has put pressure on rental rates during peak and off-peak seasons, industry sources say.

Even then, property conversions to short-term rental units have risen 30% year-over-year in Dubai, according to Monty Holiday Home.

"For instance, a two-bedroom apartment in Dubai Marina now earns approximately Dh25,000 per month during peak periods as a short-term rental, compared to Dh12,000–Dh15,000 on a long-term lease."