Leasing your property as a holiday home rental

With Dubai aiming to welcome 20 million visitors by the Year 2020, more real estate developments are being built. Investors are taking advantage and start buying Dubai properties to turn to an income-generating asset. Most of the residential real estate in UAE is leased out for a long-term period but nowadays, short-term letting or holiday home rental is gaining popularity. As Dubai continues to attract high tourism demand, the number of vacation homes will likely to significantly increase in the coming years, says Airbnb, the biggest portal of holiday homes.

Dubai’s Department of Tourism and Commerce Marketing (DTCM) classifies a holiday home as ‘a furnished accommodation which is rented as a whole unit on a daily, weekly, monthly or annual basis without the issuance of an Ejari regulated tenancy agreement’.

So if you are a property owner who often travels abroad or considers Dubai as the second home, turning your property into a holiday home can be beneficial for you. While you are away, you can rent out your property as a holiday home and stay in whenever you are in town.

Apartments for sale in Dubai or any other residential properties can be converted to a holiday home as long as it’s registered. Homeowners in Dubai who wish to offer apartments as holiday homes need to obtain a license from DTCM and should ensure that the property meets the specified quality, health, and safety standards and offers all the necessary amenities and guest services, in addition to insurance coverage and integration with the wider community.



Location: Dubai - United Arab Emirates

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