New Visa Scheme in UAE Gives Boost to Short Term Rental Market

The uptick in demand for short-term vacation rentals in the UAE is seen to pick up speed following the formal rollout of new visa policies.

Outlook on short-term vacation rental market remains upbeat with the rising popularity of remote working and staycations across the world. The Dubai market is particularly robust, buoyed by the growing tourist arrivals to the country.

The travel industry news site Skift reported that the emirate alone received more than 7.12 million international overnight visitors during the first six months of 2022, an exponential 183% year-on-year growth.

The 100% UAE-owned Nasma Luxury Stays, a division of Al Tamimi Investments, believes the remaining half of the year and the upcoming years promise even more for the industry.

According to the company, the global trend has opened up promising prospects for luxury property and second-home owners to enjoy better returns on their property investments.

The demand for short-term rentals provides them a new attractive income stream in which they can offer their second homes to those seeking to enjoy all the luxuries associated with a 5-star hotel within a comfortable, warm home environment. They can do so without losing access to their property during their holiday break or whenever they want to use it,

Dani Tabbara, COO of Al Tamimi Investments said.