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Are you planning to rent out your property on short-term basis as a holiday home? If yes, you should know more about the procedures and formalities involved.
You can easily be a licensed operator by applying at the Dubai Department of Tourism and Commerce Marketing (DTCM), which is the sole authority that provides holiday home operator licenses.
DTCM sets the standards and procedures of providing a license, accepts license applications, approves or denies applications, conducts inspections on the properties and creates a database of all licensed houses.
According to government regulations, one is required to have 20 properties to be able to get a holiday home operator license. Individuals with less than 20 properties need to team up with a licensed operator to be able to transform their investments into short-term rentals. An Ejari-regulated tenancy contract is not needed if you use the services of a licensed operator that is authorized by DTCM.
When applying for a license, you need to submit passport copies, identity card, relevant work experience, educational certificates and a recent “Good conduct” police certificate.
As a first step, you should apply for an initial approval by visiting the DTCM website and downloading the Initial Approval Requirement for Holiday Homes form. Once you get the initial approval, you are allotted three months to make the final preparations to get the license.
Using properties as holiday accommodation will help meet the high demand from visitors and tourists. A holiday home is classified as a furnished accommodation which can be rented on a daily, weekly, monthly or annual basis.
The Dubai tourism sector is expecting a boom by 2020, especially with the developments focused on the Expo 2020, making now the right time to become a licensed holiday home operator.
• Tourists or visitors should rent holiday homes only through licensed operators
• First stage of the license application process is to apply for an initial approval
• One is required to have 20 properties to get a holiday home operator license
Source: Asha Das, Special to Properties
The writer is a freelancer