HOLIDAY HOME LICENSE IN DUBAI
A D E T A I L E D G U I D E
Dubai’s tourism industry is incredibly profitable. This Middle Eastern Emirate is well-suited for Eastmeets-West adventures, discovering the glory of the deserts, and visiting the historic souks, markets, and Dubai Mall in downtown for a luxurious shopping vacation. Owners who want to rent out their homes as vacation rentals in Dubai must submit an application for a Holiday Home License. With the rise of Airbnb and other similar holiday home operator services, the market for vacation rentals in Dubai has flourished. Property owners have excellent business opportunities regarding vacation homes and short-term rental properties.
The Dubai Department of Tourism and Commerce Marketing (DTCM) and Dubai Economy and Tourism Department now allow homeowners to list their properties as short-term vacation rentals. However, it is illegal to list properties on websites like Airbnb without a license. The good news is that you can easily get this license and any other approvals and visas you might need with the right assistance. Continue reading to learn how to obtain a Holiday Home License in Dubai for a vacation home.
According to the Dubai Department of Economic Development (DED), the vacation home rental industry includes well-furnished lodgings. These places can be rented to tourists and travellers on daily, weekly, or monthly basis. The manager of these properties is in possession of a license that entitles them to rent these properties for short-term.
What does a Dubai Holiday home rental Business entail?
Dubai draws visitors and vacationers from all over the world, which has led to an increase in the Dubai Holiday Home rental industry and the number of people taking advantage of the lucrative business opportunity.
Benefits of obtaining a short-term rental license in Dubai
The hospitality industry is booming around 20 million tourists visit Dubai annually.
Property owners now have an easier time entering the vacation rental market thanks to the simplified laws governing licenses. In comparison to long-term rentals in Dubai, it translates to an average 25–30% premium for return on investment. This implies that demand for and bookings of vacation rentals in Dubai will rise.
HOWTOGETAHOLIDAYHOMELICENSEINDUBAI Duly filed application form Passport copy of the potential owner Details of the Property 2 passport size photographs (coloured) The first step is to apply for your trade license in order to start your vacation home rental business. Since, the applicant already owns the property, but to register your business with the DED, you must provide the following information:
Before starting your vacation rental business in Dubai, you must have certain documents, including: Owner’s passport Duly Filed License application form Property Details Trade License from DED DTCM’s certification Documents needed in Dubai to start a vacation home rental business
You must adhere to a set of procedures when beginning your vacation home rental business in Dubai. These consist of: 1. Choosing Your Commercial Activity 2. Choose a name for your business 3. Obtain Holiday Home License 4. Complete your Visa Application How to Start a Holiday Home Business in Dubai?
1. Choosing Your Commercial Activity The DED classifies a vacation home rental agency as a “Vacation Homes Rental” business activity.
2.Chooseanameforyourbusiness
Decide the name of the organisation before hand. There are a few guidelines that needs to be followed while selecting business name. It is also crucial to remember that you cannot use any name or phrase that could be offensive or scandalous. You must also avoid any names that are already in use by well-known corporations. Additionally, if you use your name, it is advisable to you refrain from abbreviating it. Use your full name; do not use any acronyms.
There are a few licenses you must obtain before opening your business. The first license to obtain is a trade license from the Department of Economic Development. One must always have a certificate from the Department of Tourism and Commerce Marketing (DTCM) in your rentals in case they is any random inspection. 3. Obtain Holiday Home License
A UAE visa is necessary if you want to operate a vacation home rental agency in Dubai. If you don’t have the residential permit, a business can’t operate. 4. Complete your Visa Application
Holiday Home License Cost in Dubai
There are numerous expenses to consider when starting a vacation home rental business in Dubai. Starting a holiday home rental business in Dubai can be a bit pricey, from the licensing fee to the fee for the DTCM approval. You will need to pay about AED 300 a year for the separate allowance fees, which are calculated for each room you are renting. Additionally, one must also pay a tourism fee of AED 10–15 per bedroom.
DubaiHolidayHomeRentalRegulations
Before renting out your apartment, keep in mind the following laws and ordinances of Dubai:
Owner should supply necessities like water and electricity free of charge. Proper Care and Maintenance should be provided all the time.
Every vacation home must adhere to DTCM guidelines. The visitors must contribute 10% to the municipality tax.
Standard and deluxe accommodations charges an additional AED 10 to AED 15 in tourism fees.
Why Choose Shuraa for Start Holidays Home Business
One of the most reputable organisations that assists foreigners in establishing 100% owned businesses in Dubai is Holiday Home Rental Business. With Shuraa you can start your business on your terms and feel empowered. Our experts are with you every step of the way, guiding you toward the best choices for your company. Shuraa’s dedication in assisting you in finding the best business solutions for you. From starting up to locating the best investors. Shuraa has helped entrepreneurs launch their businesses in Dubai, assisting them in everything from real estate and trading to supply chains and tourism. Meanwhile, come to us if you’re looking for a consulting firm that you can trust to lead you in the right direction.
Takeaway
Indeed, if you’re considering starting a business renting out vacation homes in Dubai, there isn’t a better time to do it than right now! You can speak with our professionals, and we can assist you with everything from obtaining your license and certificate to taking care of your immigration and visa processes.
Furthermore, When forming a new business in the UAE, it’s a good idea to deal with a company formation specialist like Shuraa Business Setup to help you make sure that this is the case.
We are a group of experts in company formation that are passionate about helping ambitious business owners and SMEs realise their aspirations.
Contact Information +971 44081900 PHONE NUMBER hello@shuraa.com EMAIL ADDRESS +971 507775554 WHATSAPP NUMBER www.shuraa.com WEBSITE
