Apartment on short-term lease in Dubai? Dh100,000 fine if not licenced. www.dubaibusinesskey.com
Regulation issued
under Decree No. (41) of 2013, regulating activity of leasing out holiday homes
Are you
leasing your apartment on a short-term basis in Dubai?
If
so, then apply for a licence now, or you will face a fine that could go up to
Dh100,000.
A
regulation issued under Decree No. (41) of 2013, regulating the activity of
leasing out holiday homes in Dubai, stipulates offenders can face fines of up
to Dh100,000 if they have repeated the same violation within one year from the
date of the previous offence.
“The
amount of the fine will be doubled, provided the fine does not exceed
Dh100,000.
“The
Chairman of the Executive Council will determine, pursuant to a resolution
issued by him in this regard, the prohibited acts and the fines to be imposed
on the perpetrators of these acts,” states the decree.
Caught,
first-time offenders will face a fine of not less than Dh200 and not more than
Dh20,000, the decree states. 37 operators have been licenced to rent out
holiday homes, with close to 800 units registered in the holiday home system.
However,
hundreds of individuals are still advertising their apartments online as
holiday homes, with monthly rentals almost twice what normally rented-out
apartments cost.
“We
have made great progress in setting up regulations for holiday homes.
“These
are designed to benefit both home owners and guests, by ensuring the holiday
home market is aligned with the rest of Dubai’s tourism industry and maintains
the high standards for which the emirate is known,” said Khaled Bin Touq,
Executive Director, Licensing & Classification Sector at Dubai Tourism.
“Visitors
can choose from a wide range of holiday homes throughout the city, knowing that
the property and operator are fully licenced and will meet all of their
requirements.
“We,
therefore, urge all operators and owners renting out holiday homes to ensure
their properties are licensed through Dubai Tourism in order to benefit from
being part of Dubai’s tourism framework and from the city’s increasing number
of visitors.”
The
decree ensures visitors booking their accommodation through licensed operators
are assured that the property they are booking is of a certain quality, has the
appropriate insurances and is managed by a qualified party.
Dubai
Tourism is responsible for regulating the holiday home market with the
objective of bringing the segment in line with the regulation of the hotel
sector as the emirate is aiming to welcome 20 million visitors per year by the
start of the next decade.
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