The Property by Kazy Podcast

EP 62 | The Dubai Airbnb Experts: How To Go From £2K To £100K A Month

11 snips
Aug 4, 2024
Guest
Chris Fute
Chris Fute, co-founder of Suite Stay, shares his inspiring journey from a £2,000 investment to generating £100,000 a month in Dubai's Airbnb market. He discusses the importance of understanding local dynamics and effective property management. Listeners learn about navigating challenges and enhancing guest experiences to maximize profits. Chris also emphasizes strategic marketing and the significance of reliable staff in building a successful rental business. His insights provide a roadmap for aspiring hosts eager to thrive in the competitive short-term rental landscape.
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ANECDOTE

Moving to Dubai

  • Chris and Timi coincidentally took the same plane to Dubai.
  • Timi had a lodger who suggested Dubai real estate, and Chris researched it.
ADVICE

Sales as a Stepping Stone

  • Sales jobs offer valuable introductions to entrepreneurship.
  • Commission-based work helps you realize earning potential is limitless.
ANECDOTE

Family Skepticism

  • Chris and Timi's families were initially skeptical of their Dubai move.
  • They viewed the UK as the ultimate opportunity, having immigrated from Africa.
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