Did you know that Dubai was a desert 20 years ago? And now it’s one of the most luxurious cities in the world. There are many roads, and many people traveling. Do you have a car you do not use all the time? You can rent out your car in Dubai and make extra money! Read on to learn about car rentals in Dubai and how much you can earn.
Car rentals situation in Dubai
Dubai, the most populous city in the UAE, known for its luxury shopping and nightlife, is definitely a famous tourist attraction. It is astoundingly beautiful and has more than one attraction to boast of, such as Burj Khalifa, the tallest building in the world. People come to Dubai to relax on the many beaches, try various experiences such as desert driving, shop tax-free in the many malls, enjoy varieties of great food, and more. And getting everywhere by car is the most comfortable way.
Dubai has a very good road infrastructure. The roads are great, and the congestions are not so bad. Public transport will not get you everywhere, and taxis can get costly. Also, fuel is affordable, there are many parking spaces available, so it’s popular to rent a car in Dubai. If you want to, you can also rent or rent out parking spaces!
There are also quite a few car rental companies, from big ones, such as Hertz and Avis, to small local ones. It is quite beneficial for the renters, of course. But you can also earn with your car: demand for rental cars is high in UAE and Dubai.
How much can you earn by renting your car in Dubai?
It really depends. The two most important questions are how much your vehicle is worth, and how many days per month will you rent it out. If the market value of your car is around $25,000 and you rent it out 15 days a month, you might make $6,000 a year or 22,000 AED in Dubai. If your car is worth $40,000, you can earn $10,000 a year. That can at least cover your car upkeep costs. And with good vehicles and dedication, you could be raking in even more!
Short-term rentals are pricier, so you can earn more. Of course, they also take much more of your time. When you rent out your car for two weeks, you do not have to do much throughout them. Read more tips for renting out cars. Perhaps you want to start an exotic car rental business? We covered that too!
How to post
There is more than one way to post a car rental advertisement in Dubai. The best ones, of course, are using an app or a website. Although you usually have to pay commission fees, you have a comfortable platform, a high chance of finding people, help to handle payments, insurance, etc. For example, there are car-sharing apps such as Friendycar, where you can list your car.
We also recommend posting your ad on XRental. You can make more with XRental because our motto is “allow partners to make money”. However, we want to ensure the highest quality possible and great experience for both owners and renters. We handpick and pre-approve all advertisements, so if a car has worn, bald tires, it will not be picked because we could not ensure quality. But if you care about quality and want people to have good experiences while also making money yourself, we would be glad to have you as a partner!
Final tips when renting out a car
Although renting out a car can make you extra cash, it has its dangers. Firstly, there is naturally more wear and tear when you rent out your car regularly. Also, although your car will be insured (usually by the company on whose platform you will list it), accidents can occur, and it’s a bother to deal with them. Finally, you have to meet the renters and give them the keys, although there are such solutions as smart locks. The vehicle also has to be clean and well-maintained.
To sum up, in Dubai, rental cars are in demand, and although there is more than one rental cars company, you can also make money. Depending on your vehicle and how many days a month you can rent it out, you can earn more than $10,000 a year. Just remember that you will have to spend some time renting the car out and maintaining it.