my stay group company profile
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Leaders in Holiday Home Management since 2005.TRANSCRIPT
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Dubai Property Investment
The Dubai property market has matured from the early years of highly speculative off plan re-sales, to the present trend of catering to end users, holiday home owners or buy to let investors. These longer term investors need a tangible product, something they can see, somewhere they can stay, an asset that can secure a realistic annual return.
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The main route for investors to generate an income on their investment has always been long term rental, renting their apartment or villa on a twelve month contract. Long term rental has many cumbersome rules and restrictions, making it inflexible when investment plans or goals change. Some of the negative points when choosing to rent long term are:
Fixed 12 month term contract
Rents can only be increased once annually
Notice period of at least 12 months to regain possession
Rents increases capped by government regulations
Difficult to sell tenanted properties
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Renting property short term can help overcome many of theserestrictions, giving an investor much more control, and the ability torent, sell or stay in their property whenever they want.
The benefits of renting in the Holiday Home sector are:
Short Term Rental
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1. No long term commitment with tenants
2. Great returns on your investment
3. Earn money whenever you want
4. Stay in your property whenever its vacant
5. Sell without cumbersome legal framework to regain possession
6. Increase rents anytime in line with the highly lucrative leisure
and tourism market
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Since June 2014 the Dubai government via the DTCM (Dubai Tourism) advocates Holiday Home rentals for short term leisure and corporate stays. Owners can now officially rent their property as a holiday home viaa local licenced operator company. The DTCM has added two new categories to their tourist accommodation structure, being Standard or Deluxe Holiday Homes. Licensed operators must adhere to a strict set of rules governed by the DTCM. My Stay Group are anapproved DTCM operator.
Now is a great time to consider flexible holiday home rental, giving control to do what you want, when you want.
Rent, Sell, Stay when you want
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About My Stay GroupFounded in 2005 My Stay Group was established to servicethe needs of the emerging short term rentals/holiday homes sector in Dubai. Over the past 10 years the company has grown to become the longest serving, most renownedcompanies operating solely in this sector. Benefiting fromrecognition as leaders in our field with government bodies such as RERA and the DTCM, we hold a respected position within the local business community.
Our team all combine to contribute over 50 years’ experience in both international property management and hospitality. With Dubai fast emerging as the leading tourist destination in the Middle East, we are well positioned to provide a fullservice to both home owners and guests that prefer to rent and stay in private serviced accommodation. Being members of the VRMA (Vacation Rental Managers Association) we are part of an international group of property managersdedicated to sharing best practice ideas and initiatives inthis ever evolving industry.
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What We Do
Our principal activity is to manage stays of both owners and guests in apartments and villas acrossthe key new areas of Dubai. We currently manage over 100 properties, and handle over 5,000bookings every year from our easy to find office on Sheikh Zayed Road. Most importantly our localcompany provides investors with a one stop service to rent their investment property to family, friends and holidaymakers, and also have the flexibility to use the unit themselves for a few weeks of the year, whenever they may choose to do so.
We advertise private residential properties on behalf of owners across many global and locallyrecognised internet portals. We also advertise all managed properties on our own on-line bookingswebsite mydubaistay.com operating since 2005. Our proactive sales operation works around the clockto maximise rates per night and occupancy across our complete portfolio. We operate on a revenue share basis, where the property owner retains 75% of income received.
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Established local company with 10 years’ experience
Dedicated team of over 30 staff operating 24 hours a day
No Set Up Fee’s to list a property
Service Fee payable only on bookings
Turnkey Furniture and Property set up at competitive rates
Compliance to DTCM standards and requirements
Consistent proven Occupancy track record
High definition digital presentation of every property
Full marketing across our global sales partner network
Total Guest management from sales, payment and administration,
check in, in -house support and check out
Full inventory management with damage liability
Utility account management
Weekly inspections of vacant properties
Regular House Keeping with towels and linen change
Flexible Owners stay facility
Annual maintenance contract for fixed cost repair
Regular monthly accountability of income and payment
The benefits of working with My Stay Group:
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24 Hour Customer Service Centre
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Our Reservations Centre and office, located on Sheikh Zayed Road (close to the Mall of Emirates), is an easy to reach point for check in, to properly control the arrival and departure of all guests around the clock. When handling any reservation we are responsible to both owners and the communities in which their property is situated, and ensuring each stay is hassle free for the guest.
To conform to the local DTCM regulations our office provides the following facilities:
24 Hour Front Desk at a fixed location
Recorded CCTV to ensure safety and security of each transaction
Swift Check In and Welcome Information to guests on arrival
Passport scanning to maintain records of each staying guest
24 Hour telephone and walk in availability for all guest services
Mobile Maintenance Team to react to any situation
Mobile Housekeeping Team for regular cleaning schedules
Booking administration and Payment management
Tours and Excursions bookings
Car Hire and Airport Transfer bookings
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First Floor Offices 106-107 (Above CASANOVA furniture) Al Sayyah Building, Exit 42 , Sheikh Zayed Road, Dubai
TEL +971 (0)4 3713000 EMAIL [email protected] WEB www.mystaygroup.com