Dubai is the world’s fifth-most expensive city for Airbnb rentals, according to the latest Bloomberg Index.
The average cost of renting a room or private dwelling through Airbnb is currently USD 185 (AED 680) per night. That’s just USD 20 per night cheaper than the most expensive city on the Bloomberg Index, Miami. And it’s way more expensive than London, which averages at USD 154 per night.
Why are Airbnb bookings so expensive in Dubai? Well, according to Bloomberg, it’s probably down to the high hotel rates in the city, with the owners of Airbnb listings simply following suit.
What’s more, Airbnb is still relatively new in Dubai. The government only relaxed regulations so that residents can legally list their properties on the site last year. There are just 3,249 units from Dubai available on Airbnb, compared to over 111,000 rooms in normal hotels.
Plus, Dubai is a super-popular tourism destination. According to figures recently released by the Department of Tourism and Commerce Marketing, Dubai welcomed 8.1 million overnight tourists during the first six months of 2018. Naturally, all these people need places to stay, meaning Airbnb listings are hot property.
So where should you go if you want to save money on your Airbnb bookings? Well, destinations in India will only set you back around USD 34 per night. Otherwise, Bogota and Lima in South America featured near the bottom of the list, as did Manila in the Philippines and Hanoi in Vietnam.