UAE’s great holiday home rush is only getting started

UAE’s great holiday home rush is only getting started

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.

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.

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