UAE-based Azizi Developments, a subsidiary of Azizi Group, has launched sales of BAYT by Azizi in Dubai Sports City, “a new short-term rental home concept through which investors can yield higher returns by having their owned apartments managed and serviced for them,” Invest-Gate reports.

“Azizi Developments will provide registration, licensing and hotel-quality service while also administering all interior design and marketing functions, effectively relieving customers of the hassle associated with short-term letting,” read a company statement on March 19.

Although it is up to buyers to choose whether to live in their units, rent them out for the long-term, or even sell them, the newly introduced concept ensures a substantially higher return on investment (ROI) of more than 35%, the developer confirmed.

CEO of Azizi Developments Farhad Azizi said, “This outstanding new concept is our response to a growing market need for short-term housing and complements the tourism development strategy of Dubai. We plan to extend this model to several of our residential buildings in the city, in line with our commitment to creating sustained value for our customers.”

Offering residents easy access to the rest of Dubai, the new residential complex boasts 431 properties – or 238 studios, 140 and 53 one- and two-bedroom apartments, respectively.