Due to the new visa policies implemented to spur further global tourist arrivals to the country, short-term rental properties in Dubai are expected to rise even more rapidly this year. A new UAE government initiative will allow homeowners to rent holiday houses at 50% below market value for 180 days per year under new regulations. In addition, homeowners can keep earnings from rental income under the scheme, which provides them with tax breaks.
Houzon’s Take On Holiday Homes In UAE
Owners of properties can now rent out their properties directly or through a real estate agency like Houzon by registering with the Department of Tourism and Commerce Marketing (DTCM). All landlords can participate in the scheme. A house can generate up to 50% more rent revenue by renting it out as a holiday home, according to Nishchay Mehra, Director of Houzon. “Purchasing and renting out property in Dubai is going to be much easier with this announcement, so everyone should definitely be very excited about it.”
In addition to his experience in holiday homes in UAE, Nishchay is truly a visionary. An Indian entrepreneur who now calls Dubai home, Nishchay has a passion for business. Now he heads Houzon, a real estate brokerage that represents his company’s growth exponentially. Currently, he maintains a close working relationship with the members of his management team at all levels of leadership within Houzon in order to ensure business agility, flexibility, good returns for investors, and pleasant stays for those he serves.
Creating a luxurious and comfortable place away from home is the first step he takes. Our aim is to create a comfortable, beautiful, luxurious new place for you to stay in Dubai, away from home. Our team and I will make sure that you have the best stay possible.
UAE Short-Term Rental Market
According to him, UAE short-term rentals are great opportunities for homeowners who want to increase their income from their properties. More and more people are renting homes online thanks to short-term leasing, which has grown in popularity. Short-term leasing offers many benefits to both owners and guests: extra income, reduced accommodation costs, and the chance to meet new people.
Growing Popularity Of Holiday Homes In Dubai
Holiday homes are becoming increasingly popular among UAE residents. There is a growing demand for this, made possible by the new regulations. Holiday homes in Dubai are the perfect choice for many reasons. It is widely acknowledged as one of the world’s most exciting destinations. There are numerous attractions available to travelers, such as museums, art galleries, shopping malls, and beaches.
Why Purchasing A Vacation Property For Rent Makes Sense
Because Dubai offers so many things to do and see, it is a popular tourist destination around the world. People, however, often travel to Dubai with their families and friends and prefer to stay in houses instead of hotels. Consequently, it is an ideal location to purchase a vacation property or rent out your property during the holidays.
Houzon’s selection of properties is suitable for any budget and taste, whether traveling for business or pleasure. No matter what type of getaway you choose, we can find the perfect place, whether it’s an airport-short luxury apartment or a beachside villa with a private pool.
Staycations and remote working have positively impacted the short-term vacation rental market in Dubai, which is still thriving. In the next few years, Nishchay believes this trend will continue.