Emaar says no to holiday home operators in Downtown as it enters short-term rental market

Emaar says no to holiday home operators in Downtown as it enters short-term rental market
Emaar sent a notice to all its residents of Downtown Dubai asking them to cease holiday operations in the development. Photo courtesy: Emaar Properties
Published: 8 September 2019 - 5:30 a.m.
By: Priyanka Praveen
Emaar Properties has reportedly asked homeowners in Downtown Dubai to stop renting out properties as holiday homes as the company made an entry into the market with it digital platform — ‘Ease by Emaar’.

According to a report by the National, Emaar sent a notice to all its residents of Downtown Dubai asking them to cease holiday operations in the development.

The notice, that was dated 4 September, told residents that holiday home operations must cease by 19 September.

However, officials did not inform residents when they can resume operations or whether they can list their properties on Emaar’s platform.

The company confirmed its decision to cease short-term rentals. Emaar told the National: “This [step] follows several requests from residents regarding the [short-term rental] operations, as several of the holiday homes were used for non-residential and non-family-related activities. We are committed to the well-being of our residents and the decision reflects their aspirations to maintain the neighbourhood spirit of our communities.”

Click here to add your comment

Please add your comment below
Name
Country
Email
Your email address will not be published
Captcha