Emirates News Agency – SCTDA launches ‘holiday home project’ to diversify economic growth
SHARJAH, 14th August, 2022 (WAM) — The Sharjah Trade and Tourism Development Authority (SCTDA), in cooperation with several government and private agencies and institutions in the emirate, has launched a regulatory framework, the Holiday Homes” of Sharjah Tourism, which aims to provide an official facilitation and control framework for residents of Sharjah who wish to rent out places they own as holiday homes to tourists and visitors.
Under the terms and standards approved by the SCTDA as stipulated by the holiday home project, the residential units can be rented on a rotational basis, on a regular basis.
The project is successfully developing a formal facilitation framework in line with international best practice for operating vacation homes, and registering them under a unified umbrella and database.
The project will also provide potential users with a new source of revenue recognized by the government of Sharjah, offering official guidance on operating requirements, classification criteria, violations and other mechanisms.
Khalid Jasim Al Midfa, Chairman of SCTDA, said: “With Sharjah Tourism’s holiday home project, the emirate’s aspirations to continue to advance this sector have reached an important milestone, as the initiative not only introduces an innovative new service in the tourism landscape, but also puts Sharjah homeowners at the forefront to enjoy a ride that is poised to attract more visitors from around the world to the emirate. »
“Through the Sharjah Tourism Holiday Homes project, we seek to maximize the visitor experience by ensuring high quality classification standards and providing additional stay options in the emirate of Sharjah. This will further enhance cooperation between the Authority and holiday home providers by developing a system of legislation and regulation. This will help diversify sources of growth for the hospitality industry.”
It is estimated that there are currently over 300 holiday homes in Sharjah. The first year of the project will see the registration and licensing of 150 holiday homes.
Around 15 operating companies will be involved in the process and holiday home owners will have three months to complete the documentation process. The first phase of the project includes the organization of field visits and inspection campaigns, as well as the electronic or digital monitoring of second homes, their operators and owners.
The Authority is also working to strengthen cooperation and coordination with several government agencies in Sharjah for the development of regulatory procedures for holiday homes. These entities include the Department of Economic Development, the Municipality of Sharjah, the Department of Planning and Investigation in Sharjah, the General Directorate of Civil Defense in Sharjah, and the Sharjah Police.