Abu Dhabi to regulate holiday homes

Sunday, 23 February 2020 07:06

Abu Dhabi will bring in new regulations to govern the short-term rental market in the capital.

According to the Department of Culture and Tourism (DTC), the new rules will ensure all properties are licensed and meet Abu Dhabi's service standards.

This is crucial to ensure the safety and security of holidaymakers, officials explained, adding that owners who do not meet these criteria will be slapped with a fine.

A tourism fee will also be applied when visitors rent out AirBnB-type holiday properties, but it will not exceed six per cent of their bill.

More from Business

Oil prices surge to highest since 2022 at over $119 a barrel

Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
HSBC CEO says confidence in GCC remains despite regional developments

HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.
Silal, National Agricultural Centre partner to boost UAE food security

Silal, an Abu Dhabi agri-food and technology company, has announced the expansion of its operations in Ras Al Khaimah in collaboration with the National Agricultural Centre.
No decision yet on G7 releasing oil stocks, France's Lescure says

G7 countries have not made a decision yet on the potential release of emergency oil stocks in the wake of the U.S.-Israeli conflict with Iran, France's Finance Minister Roland Lescure said on Monday.