What's REALLY Behind Dubai's Short-Term Rental Craze - Faisal Al-Ashkar

03/11/2024 48 min Temporada 1 Episodio 14
What's REALLY Behind Dubai's Short-Term Rental Craze - Faisal Al-Ashkar

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Episode Synopsis

Welcome to DubaiCatch Podcast! In our inaugural episode, we're diving into the intriguing world of property management and short-term rentals. My guest, Faisal Al-Ashkar, a young entrepreneur and legal professional, shares his journey from a law career at PwC to managing properties in prime destinations like Bali, Budapest, and Dubai. Join us as we explore the impacts of fake voice recordings and videos in today’s digital age, the importance of balancing automation with personalized service in the hospitality industry, and strategic insights into real estate investment. Faisal discusses his transition to a revenue share model in property management, common pitfalls in the industry, and his approach to refining operations for sustainable growth. We’ll also touch upon Dubai’s competitive market, tenant laws, and potential short-term rentals as a flexible investment strategy. Learn how Faisal leverages his legal background, adapts to local market conditions, and stands out in crowded markets through impeccable service quality. Plus, heard about the pivotal moments that led to his company’s recovery from the Covid-19 slump and propelled them forward. Tune in to discover the high standards required in luxury destinations like Dubai, and get valuable tips on effective property management.

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