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Download GuideYou grabbed your phone and searched for the “best property management company in Dubai.” Now, you’re probably deciding between two major players: Homevy vs. 2ndhome.
Both are known for delivering exceptional services in the UAE, but who should you pick?
In a few minutes, you’ll get a clear breakdown of Homevy and 2ndhomes’ property management services, fees, and real reviews from their guests. Then, you’ll be able to make a choice.
But first, let’s start with a brief backstory of both companies.
Unread messages, delayed repairs, and unexplained expenses. These are just a few of what Kayode and Kyle experienced as homeowners and guests dealing with property managers in Dubai.
So, they set out to build the most intentional property management company in Dubai – to spare homeowners the struggles they went through.
And that’s how Homevy was born.
Today, they’re known for bringing smiles to countless guests and homeowners.
By offering a full range of guest and host-focused services, they consistently enhance property value, leading to higher occupancy rates and increased rental income.
2ndhome has been around fora while. But they didn’t just pop into thin air. The company was started by a Dutch man named Marlon who had been a real estate investor for years. In those years, he left his mark in 6 countries across 4 continents.
2ndhome was born out of Marlon’s knowledge of property and investment, so it’s safe to say that the company knows a thing or two about helping homeowners get the best ROI.
It’s clear that both Homevy and 2ndhome have property owners’ best interests at heart, so let’s see how that reflects in their services.
Photo by Kaboompics.com
Homevy charges a flat fee of 15% (no onboarding fee). This covers multi-channel marketing, DTCM compliance, 24/7 guest communication, routine maintenance checks, comprehensive guest screening, and more. With Homevy, you pay strictly based on performance, so if they don’t increase your ROI, then they get no compensation.
2ndhome, on the other hand, doesn’t have an exact fee on their website, so you have to contact them to get an estimate. However, after contacting one of their agents, we found that they charge a 17% fee as well as an onboarding fee of AED 1,200. This fee covers general property upkeep, complete furnishing, guest bookings, online property listing, and rental income optimization.
The Bottom Line: Homevy is more transparent about their management fees. With them, you know exactly what you’re getting into just by browsing their website. 2ndHome, on the other hand, leaves you guessing. Are they charging someone else less? Are they cutting corners at your expense? It’s hard to tell.
As a homeowner, you want a company that gets you the best ROI and keeps your home in top shape. Both Homevy and 2ndhome do these, but let’s see how they stack up against each other:
Homevy’s property management services have gotten them an 80 %+ occupancy rate and even helped them increase the ROI of several homeowners by over 15%.
Let’s take a look at some of these services:
After several years in the rental management business, this is how 2ndhome stays on top of their game:
The Bottom Line: Both Homevy and 2ndhome provide a range of services for property owners that will boost your occupancy rate and keep your property in good condition.
Airbnb guest experience is everything because a happy guest is more likely to become a repeat guest. So let’s see how well Homevy and 2ndhome treat their guests:
With a 5 star review status on Google, here’s what some Homevy’s guests have to say about them:
Source: Google Review
According to Mark, Homevy stood out amongst several holiday homes in Dubai, and he had a perfect stay.
Source: Google Review
Evidently, Homevy knows how to keep their guests smiling. And this is how they do it:
One thing that stood out across 2ndhome’s review is their quick responsiveness to guests. Let’s take a look at this review from Annika:
Source: Google Review
Then there’s Jade:
Source: Google Review
From reviews, guests seem pretty satisfied with 2ndhome’s housekeeping and quick communication. Here’s a rundown of more services they offer guests:
The Bottom Line: Both Homevy and 2ndhome provide excellent guest services. However, through reviews, it seems that Homevy offers a more personal touch and goes the extra mile for their guests.
With the rapid advancement of technology and AI, who’s making the most of it? Homevy or 2ndhome?
Photo from Homevy
The Bottom Line: Homevy uses more advanced technology to make property management easier and more efficient. 2ndhome has the basics and the essentials. So if you want something more reliable, Homevy is a better choice.
When it comes to rental regulations in Dubai, compliance is key.
Homevy focuses on short-term rental property management. They make sure every property under their care is fully aligned with DTCM regulations so homeowners don’t risk paying the AED 100,000 fine. They also handle the entire process of getting the permits, recording them, and taking care of the monthly DTCM closing.
2ndhome manages both short and long-term rentals. Like Homevy, they ensure compliance with DTCM regulations by maintaining a master list of units, permits, and utility accounts.
The Bottom Line: Both Homevy and 2ndHome operate within Dubai’s rental regulations and are both compliant. However, Homevy focuses on holiday home rentals, while 2ndhome properties cover both short and long-term leasing. So they’re both excellent choices.
Here is a quick comparison of Homevy and 2ndhome:
Feature | Homevy | 2ndhome |
Property Management Fees | Performance-based pricing of 15% with no additional cost. | 17% management fees with an onboarding fee of AED 1200 |
Guest Services | Offers exclusive guest-focused services, from airport transfers to in-house massage therapy and more | 2ndhome offers essential guest management services like general maintenance, linen and toiletries, and guest communication. |
Target Market | Focused solely on the short-term rental market in Dubai. | Deals on both short-term rental properties and long-term rentals. |
Technology | Homevy is all about smart tech. They are highly tech-driven. | Not so tech-savvy. |
At the end of the day, both Homevy and 2ndhome offer solid property management services in Dubai. But if you’re looking for a company that’s upfront about pricing, goes the extra mile for guests, and uses advanced technology to get you the highest ROI ever, Homevy takes the lead.
However, if you want a company with experience on their side and a strong presence in the market, 2ndhome is a good choice.
No matter which property management company you choose, one thing is certain—you’re in good hands and are one step closer to stress-free property management.
Get access to our 5-day training course on managing your vacation rental property in Dubai.
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