Nasma Luxury Stays poised for red-hot summer success in the UAE

  • Date: 20-Jul-2022
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Nasma Luxury Stays poised for red-hot summer success in the UAE

Following its best year to date in 2021, the company has since seen a 50% increase in sales and bookings in Q1 2022, compared to the same period in 2021

Dubai, United Arab Emirates: Nasma Luxury Stays, a division of Al Tamimi Investments and a specialist in the executive living and vacation rentals sector, anticipates a stellar summer period performance and another stellar year overall.

This has been driven by several ongoing trends that are influencing the UAE’s short-term rental and hospitality markets.

According to Colliers’ MENA Hotel Forecast for 2022, the impact of EXPO 2020 Dubai will continue to have a positive effect on all markets in the UAE, while the FIFA World Cup Qatar 2022 is expected to result in overspill demand in the key transit hubs of Dubai and Abu Dhabi [1].

In line with this forecast, in recent months Nasma Luxury Stays has recorded a significant uptick in interest in short-term and vacation rentals in Dubai, particularly around the period of the FIFA World Cup Qatar 2022.

In the post pandemic era, a significant number of local and international organisations have incorporated work from home/remote working polices into their day-to-day operations, which gives individuals the opportunity to live and work in