Strong growth on Dubai’s holiday home sector

Dubai’s holiday home sector is going from strength to strength, with the latest figures released by Dubai’s Department of Tourism and Commerce Marketing (DTCM) revealing a total of 1,805 approved units to date, benefitting both homeowners and visitors to Dubai. In the short time since the introduction of updated regulations in May, a total of 109 homeowners submitted applications for a holiday home permit, of which 39 have now been approved, enabling them to enter the market. These join the 78 approved holiday home operators already doing business in Dubai, moving forward, Dubai Tourism anticipates further growth across the sector. To obtain a licence, homeowners must ensure their property meets the required quality, health and safety standards, while also offering all necessary amenities and guest services, as well as insurance coverage and wider community integration. Owners are also accountable for ensuring the property meets all legislative requirements and complaint management policies, and is accurately listed to visitors and sufficiently maintained.
This growth is being driven by effective government regulations designed to increase competitiveness, transparency, safety and standardisation, and comes on the back of Dubai Tourism’s decision earlier this year to allow private homeowners to apply for a holiday home permit and start leasing their properties directly.