Nasma Luxury Stays, a division of Al Tamimi Investments and a specialist in executive living and luxury vacation rentals, made the statement after the government’s recent introduction of the virtual working visa. The new policy was issued on the heels of the official implementation of the new UAE visa tourist rules which became effective on October 03.
Dani Tabbara, COO, Al Tamimi Investments, said, “The pandemic has transformed the way people live and work, and the two visa policies are reflective of the UAE s flexibility, readiness and commitment to adapt to these changes. The move will meet the contemporary demands of today’s world. The one-year and renewable virtual working visa will specifically draw in a new class of freelancers, digital nomads and travelers to the country whilst the multiple entry visa will benefit visitors who want to stay longer or more frequently in any parts of the Emirates. The two visa schemes are a boon for the industry.”
Outlook on short-term vacation rental market remains upbeat with the rising popularity of remote working and staycations across the world. The Dubai market is particularly robust, buoyed by the growing tourist arrivals to the country.
The travel industry news site Skift reported that the emirate alone received more than 7.12 million international overnight visitors during the first six months of this year, an exponential 183 percent year-on-year growth.
According to Nasma, the remaining half of the year and the upcoming years bode well for the industry, as more tourists are expected to take advantage of the UAE’s visa policies to experience what the country has to offer them.
Nasma noted that the global trend has opened up promising prospects for luxury property and second-home owners to enjoy better returns on their property investments.
“The demand for short-term rentals provides them a new attractive income stream in which they can offer their second homes to those seeking to enjoy all the luxuries associated with a 5-star hotel within a comfortable, warm home environment. They can do so without losing access to their property during their holiday break or whenever they want to use it,” Tabbara said.
