I'm considering renting out my one-bedroom apartment, and I'm wondering whether a long-term or short-term rental would be more advantageous?
To generate passive income, one can explore the option of renting real estate in Dubai, which includes both short-term and long-term rental opportunities. Short-term rentals can yield substantial profits but come with the drawback of potential vacant periods, particularly during the off-season. In contrast, long-term rentals offer a more consistent income stream, albeit at a lower daily rate.