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New visa scheme boosts UAE short-term rental market

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Demand for short-term vacation rentals in the UAE is expected to accelerate in 2022 after the official launch of a new visa policy to spur more global tourists to the country.

Nasma Luxury Stays, a division of Al Tamimi Investments and specialist in executive living and luxury holiday rentals, made the announcement following the government’s recent introduction of virtual work visas. The new policy comes after the official implementation of the new UAE visa travel rules, which will take effect on October 3.

Dani Tabbara, Chief Operating Officer of Al Tamimi Investments, said: “The pandemic has changed the way people live and work, and these two visa policies reflect the UAE’s flexibility, readiness and commitment to adapt to these changes. This move will meet the needs of today’s world. Contemporary demand. The one-year, renewable virtual work visa will specifically attract a new group of freelancers, digital nomads and travelers to the country, while multiple entry visas will allow those wishing to stay longer in any part of the UAE Time or more frequent visitors benefit. Both visa programs are a boon for the industry.”

“While the UAE market is well-positioned to meet the needs of tourism, the influx of tourists to the UAE will have a positive impact on the hospitality industry, especially the short-term vacation rental business. Dubai and Abu Dhabi are prime destinations for the ultimate adventure, beautiful beaches, unique culture A popular destination for tourists who want to experience and diversify leisure activities while staying in luxury accommodation,” Tabbara added.

The outlook for the short-term vacation rental market remains positive with the growing popularity of remote work and home vacations around the world. The Dubai market is particularly strong, buoyed by growing tourist arrivals in the country.

Travel industry news site Skift reported that the emirate alone welcomed more than 7.12 million international overnight visitors in the first six months of 2022, an increase of 183% year-on-year.

According to Nasma, the rest of the year and the next few years bodes well for the industry as more tourists are expected to take advantage of the UAE’s visa policy to experience what the country has to offer them.

Nasma pointed out that global trends have opened up great prospects for luxury and second-home owners to achieve better returns on their real estate investments.

“The demand for short-term rentals provides them with a new attractive source of income where they can provide a second for those looking for all the luxuries associated with a five-star hotel in the comfort, warmth of a home. A home. They can do that without losing their property on vacation or when they want to use it,” Tabara said.

100% UAE owned Nasma has been a leader in delivering luxurious executive living and holiday homes in Dubai and most recently Abu Dhabi. It provides comprehensive end-to-end property management on behalf of owners, while ensuring that tenants and guests have an authentic experience while staying at the properties it manages.

Since its inception, Nasma’s carefully curated accommodation and waterfront properties in prime locations in the UAE have enjoyed high occupancy rates, especially between December and March.

Guests will be attracted by the warmth and comfort offered by the hotel, while enjoying stunning views and complete facilities.

The company manages properties in key areas such as Jumeirah Beach Residences (JBR), Palm Jumeirah, Dubai Marina, Downtown, Dubai International Financial Centre (DIFC), City Walk, Blue Water, Dubai Creek Harbour and Dubai Hills, among others.

Nasma is one of the first companies to be licensed by the Department of Tourism and Commercial Marketing (DTCM) since the government began regulating the holiday home industry in Dubai in 2015. It is one of the few companies that caters to the high end of the market. – arab trade news agency

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