The rise in demand for short-term rental properties is expected to accelerate even more this year following the official rollout of new visa policies implemented to further boost global tourist arrivals to the country. The UAE government has announced new regulations for the vacation home industry, including a program that allows owners to rent out their properties for up to 180 days a year at 50% below market value. The scheme also grants tax breaks to landlords and allows them to keep their income from rental income.
Owners can now register with the Department of Tourism and Trade Marketing (DTCM) and rent out their properties either directly or through an agency like BLVD Holiday Homes. The program is only available to citizens of the United Arab Emirates, who must have lived in Dubai for at least three years before applying. They can earn up to 50% more by renting homes as vacation homes, says Rania Mrassi, CEO of BLVD Holiday Homes. “We are very pleased with this announcement as it will give people a lot more choice when it comes to buying and renting their home here in Dubai.”
Mrassi, a Tunisian-born entrepreneur now living in Dubai, has many years of experience in the holiday home industry. She has grown her business exponentially and now leads the BLVD real estate group which includes a real estate brokerage. At the helm of the company, his goal is to ensure business agility, flexibility, a good return on investment for his investors and pleasant stays for his guests while working closely with his team members at all levels of management within BLVD Holiday Homes.
His first step is to create a luxurious, comfortable and beautiful new place for the guest, away from home. She said: “My team and I are here to make sure you have the perfect stay in Dubai. “Short-term rentals are a great opportunity for owners who want to earn extra money from their properties. With the growing popularity of this form of short-term rental, more and more people are renting their homes online. The benefits of short-term rentals are numerous: landlords get extra income, guests get cheaper accommodation, and both parties benefit from meeting new people. »
There is a growing number of UAE residents choosing to rent out their properties as vacation homes. The new regulations will make it easier for people and the demand is increasing. Many factors make Dubai the ideal destination for holiday homes. The city has been recognized as one of the most exciting destinations in the world. It offers travelers a wide range of attractions, including museums, art galleries, shopping malls, and beaches.
Dubai is a popular tourist destination for people from all over the world as it offers so much to see and do. However, many people travel to Dubai with family or friends and want to stay in a house instead of a hotel room while on vacation. This makes it an ideal place to buy a holiday home or rent out your property as a holiday rental.
BLVD Holiday Homes, also operating under Holiday Boulevard, offers hand-picked premium accommodation across the length and breadth of Dubai on a daily, weekly, monthly and yearly basis.
“We are a company that was started by a group of people who have lived in Dubai for over 20 years. Our team has invested heavily in helping our customers find the best places to stay, whether it’s a short or long stay. Mrassi added.
The properties are located in prime locations like Business Bay, Downtown Dubai, Jumeirah Beach Residence, Marina, Barsha Heights, Al Barari and many more. The properties are designed to meet the needs of families, groups of friends or business travelers looking for short-term accommodation in Dubai.
She added: “Whether you are traveling for business or pleasure, we have a wide range of properties available to suit all budgets and tastes. Our properties include everything from luxury apartments close to the airport to beachfront villas with private pools – whatever type of getaway you choose; we will find the perfect place for you.”
The global trend towards remote work and staycations has had a positive effect on the short-term vacation rental market, which remains robust. In Dubai, tourists are particularly drawn to the country due to its visa policy and strong tourism infrastructure.
Mrassi predicts that this trend will continue for the rest of this year and for the next few years.
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