Dubai is known to be one of the most preferred tourist countries in the world. There are several reasons that Dubai has developed to be an attractive tourist place across the globe. The marvelous architecture that attracts tourist for sightseeing and grand shopping malls that interests people to visit Dubai and have a great time along with their friends and families. The beautiful city attracts people to visit the place again and again and it is no surprise that any person intends to return to this marvelous city.The tourism industry in Dubai is booming and many investors are interested in investing funds in such a business in Dubai.
The World Expo 2020 in Dubai has a positive impact on all the sectors and industries in the marvelous city. The real estate industry has also been positively affected by the Expo 2020 in Dubai.Most visitors are now preferring to opt for holiday homes over hotels or renting out a place for a longer duration along with all the legal formalities.The recent study exhibits that Holiday Homes are going to provide higher revenue as compared to annual renting or regular renting of apartments.Holiday homes are a profitable option for both the tourists/tenants as well as the owners of the apartments.
The United Arab Emirates has always developed to be in terms with the growing technological advancements and other trends across the globe. The demand for Holiday Homes is extensively catered by many holiday homes management companies to ensure that the growing trend is potentially used to gain profits. The management companies in Dubai perform ample advertising and marketing activities to spread much awareness about the system.
They utilize various techniques that would enable them to connect with the customers who are in need of Holiday Homes. The Department of Tourism and Commerce Marketing regulates the incorporation of the company with the Holiday Home.The Holiday Homes Management Companies need to sign a contract with the tenant in order to market and advertise the availability of their apartment.
The step by step procedure of acquiring the Holiday Home License in Dubai is as stated below:-
1. The reservation of the trade name has to be done as the primary step of setting up the holiday home license in Dubai.
2. The next step in the process is to get the initial approval from the DED (Department of Economic Development) in Dubai.
3. The next step in the process is to get the notarization from the court.
4. The next step would be to acquire the approval from the Department of Tourism and Commerce Marketing (DTCM)
5. The final step would be to acquire the License.
It is critical to acquire the license before starting business operations.
Holiday Homes Management is evolving to be a profitable business and hence all the regulations need to be carried out properly and this requires expert assistance.
Our experts at EBMS Business Services would assist you throughout the process and aid in acquiring the license in a much simplified manner.