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How to open a Holiday Home in Dubai, UAE
The United Arab Emirates is in a great place to explore East and West, with the beauty of deserts and old bazaars, markets and shopping centres. The diverse attractions and colourful local culture are attracting more and more tourists. Guesthouses, often referred to as Holiday Homes, have become particularly popular in recent times. Renting out such apartments can be a lucrative prospect for investors and entrepreneurs.
Homeowners wishing to rent out their property in Dubai must apply for a Holiday Home Licence with the regulatory authorities. In order to pass the inspections and collect all approvals, it is important to provide the accommodation with a fire extinguisher, first aid kit, prayer mat, evacuation plan, impenetrable curtains, telephone, safe, beds, bedding and linen. For the comfort of your guests, you need to think ahead of time about booking methods, transfers and timely cleaning of the premises. These are just a small part of the regulations for this type of business.
Registered Holiday Homes pay a fee to the Municipality on all bookings, the amount depends on the category of the house (standard, luxury, premium, etc.). Openbiz specialists will explain more about all the regulations and help you get all the permits.
In addition to applying for a licence, you will have to choose a business name that reflects the essence of the activity. Names also have a number of regulations, so we advise you to prepare several acceptable options. Once the basic processes have been completed, it is worth proceeding with the issuance of a founder's visa and the opening of a corporate account for banking transactions.
A simplified licensing procedure, a constant tourist influx and ample marketing opportunities to list properties on reputable platforms make it easy to enter this sector. Being prepared for the peculiarities of Emirates legislation and requirements for the apartment letting business. Sign up for a free consultation and find out how to open a Holiday Home in Dubai, UAE.
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