Dubai’s Short-Term Rental Push Creates ‘Race to the Bottom’

12/4/2024

A push by the Dubai government to introduce more short-term rentals into the market may have worked a little too well, according to attendees at the Skift Global Forum East 2024 in Dubai, where execs warned the emirate is being flooded with new companies unfamiliar with the sector. “We’ve seen a lot of new entrants, everybody has been doing a holiday home company [in Dubai] over the past two years,” said Nina Klishevich, general manager for Blueground in Dubai. Mahwussh Alam, group CEO of One Perfect Group, said these new players are “sabotaging” themselves.

Skift (11/26/24) Josh Corder

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