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Sharjah unveils holiday home project to diversify revenue

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Sharjah has over 300-holiday homes with the expected registration and licensing of 150 holiday homes in the first year.

Sharjah Commerce and Tourism Development Authority (SCTDA) has launched “Holiday Homes Project,” which aims to offer a framework to allow residents to lease their apartments to tourists and visitors.

The move is in cooperation with several government and private companies to diversify the sources of income for the hospitality sector, WAM, the UAE state-owned news agency, reported.

The residential units can be rented out on a regular, rotational basis, the SCTDA framework said.

According to estimates, the emirate has over 300-holiday homes. The first year of the project will see the registration and licensing of 150 holiday homes.

About 15 operating companies will be involved in the process, with the holiday homeowners given three months to complete the documentation process.

The first phase includes organising field visits, inspection campaigns, and electronic or digital follow-ups of holiday homes, their operators, and owners.