THE ECONOMY - HOLIDAY HOMES - DUBAI
Dubai holiday home licence requirements set to bolster tourism and real-estate industries
A new law regulating Dubai's holiday homes market is likely to appreciably benefit two of its foremost industries, tourism and real estate, and represents an important step towards achieving Dubai's vision of attracting 20m annual visitors by the end of the decade.
However, implementing a new programme encompassing a tier of a new line of accommodations called holiday homes, may face some immediate challenges that need to be overcome when introduced to the market for the first time.
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