Taking in the charms of the UAE, a true global tourist hub, has taken a captivating turn, with travellers’ increasing interest in the undeniable appeal of renting more private holiday homes for short durations.
The short-term rental is redefining the experiences of vacationers who are seeking a more intimate and immersive holiday journey. They add a more personalized touch on the desired exclusive indulgence, especially with European and American travellers— and make them a more attractive accommodation option these days.
One of the biggest and most obvious demand drivers is steadily increasing tourist arrivals to the country’s shores, with many—as per industry experts— looking to book an entire home or apartment. According to available government figures, the UAE’s travel and tourism sector is expected to grow 5.1 per cent yearly during 2017-27 to Dh116.1 billion. This is equivalent to 5.4 per cent of the projected GDP in 2027.
Add to tourism's clout to UAE GDP
One of these major initiatives is the UAE Tourism Strategy 2031, which is under the prominent ‘Projects of the 50.’ Through its 25 initiatives and policies, this strategy aims to raise the tourism sector’s contribution to the GDP to Dh450 billion, with an annual increase of Dh27 billion. And result in a corresponding surge in demand for alternative accommodation options.
The desire for private space is also influencing the popularity of holiday homes. Many travellers, especially families and larger group, prefer the convenience of spacious accommodations. Holiday homes provide an ideal solution, ensuring an exclusive environment for vacationers.
Built to scale
Holiday homes are also more cost-effective than hotel rooms, particularly for extended stays or group trips. For instance, they often come equipped with kitchen facilities, allowing guests to both save on dining expenses while enjoying a totally private ambience with their loved ones.
Adding to their appeal is the convenience of having a fully furnished home away from home, as well as greater flexibility that beats hotels’ typical fixed check-in and check-out times to tailor fit the itineraries of the holidaymakers.
As the demand for unique and personalized travel experiences continues to soar, the holiday home market in the UAE is expected to flourish.
