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DTCM invites applications for holiday homes licenses

: Monday, June 02 - 2014 @ 12:18

The Department of Tourism and Commerce Marketing (DTCM) announced that it is receiving applications for the license to become an operator of holiday homes. The announcement follows the December 2013 issuance of Decree No.41 of 2013, concerning the regulation of the ‘Holiday Homes Market’, by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. From 15th June 2014, the operating of residential properties for use as holiday homes will be restricted to licensed operators.

The first phase of applications is restricted to entities which intend to be an operator of a portfolio of properties, with the minimum number of properties within the portfolio being 20. Home owners who wish to rent out their property as a holiday home will be required to use the services of a licensed operator, with their property becoming part of the operator’s portfolio.

Khalid bin Touq, Executive Director of Licensing and Classification, DTCM, commented, “Through regulating the use of properties as holiday accommodation, the objective is to broaden the range of options available to visitors, while ensuring that the high standards of quality for which Dubai is known, are maintained. Visitors booking their accommodation through licensed operators will have the assurance that the accommodation they are booking has been classified in line with global best practices, while owners of properties will benefit from the expertise and marketing capabilities of the operator through who they rent out their property.”

The first stage of the trade license application process is to apply for an Initial Approval. Upon successfully receiving the Initial Approval, the applicant will have a maximum of three months in which to satisfy the requirements for the final license and consequently become a licensed operator.

A Holiday Home is classified as a furnished accommodation which is rented as a whole unit on a daily, weekly, monthly or annual basis without the issuance of an EJARI regulated tenancy agreement and should be registered with DTCM.

For further information about DTCM, please contact:
Charlie Taylor
DTCM
Director of Communications

ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040

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Monday, June 2- 2014 @ 12:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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