Dubai’s holiday homes gather pace
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Recent statistics have reported that holiday homes are become an increasingly significant component of Dubai’s tourism industry.
As of start of July 2015, a total of 37 operators are now licensed to rent out holiday homes in Dubai, with close to 800 units registered in the holiday homes system.
Holiday homes also benefit Dubai’s real estate market by providing a potential revenue stream for property owners wishing to rent out on a short-term basis. By being part of Dubai’s wider Hotel Classification Scheme, home owners can expect to profit from the targeted growth in visitor numbers over coming years.
Khaled Bin Touq, executive director, licensing and classification sector at Dubai Tourism said: “We have made great progress in setting up regulations for holiday homes. These are designed to benefit both home owners and guests. We urge all operators and owners renting out holiday homes to ensure their properties are licensed through Dubai Tourism.”
Dubai Tourism is responsible for regulating the holiday homes market with the objective of bringing the segment in line with regulation of Dubai’s hotel sector.
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