Tourism growth in Dubai boosting holiday homes market

Published on : Friday, November 15, 2019

The continued growth in Dubai’s tourism industry has encouraged investors and homeowners to capitalize on lot of opportunities in the holiday homes market, leading to an exponential growth in short-term rental units in the emirate. It also added to the broad range of accommodation options available for tourists.

 

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has set clear legislations and regulations for ensuring an all-inclusive classification and verification process while issuing permits for holiday homes.

 

Dubai Tourism also conducts regular inspections of units for ensuring that they meet the approved quality standards. An updated executive resolution and holiday homes guide with various processes, requirements and classification criteria will also be uncovered shortly.

 

The holiday homes sector has witnessed a huge 40 per cent year-on-year increase since 2015, when issuing of permits to operate holiday homes started taking place.

 

The holiday homes concept is a further boost for tourism growth in Dubai and is part of efforts to make Dubai the world’s most visited city in line with Dubai’s Tourism Vision 2022-25. As part of the strategy to boost visitor numbers and with Expo 2020 Dubai expected to attract 25 million visitors, Dubai Tourism expects to see an increase in the number of property owners moving into the holiday homes business in the next two years.

 


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