Nasma Luxury Stays sees surge in rentals in Dubai

Nasma Luxury Stays, a division of Al Tamimi Investments, has seen a significant increase in interest in short-term and holiday rentals in Dubai, particularly around the time of the FIFA World Cup Qatar 2022 .

This was driven by several ongoing trends influencing the short-term rental and hospitality markets in the UAE.

According to Colliers’ Mena Hotel forecast for 2022, the impact of Expo 2020 Dubai will continue to have a positive effect on all markets in the United Arab Emirates, while the Fifa World Cup Qatar 2022 is expected to cause excess demand in the main transit hubs of Dubai and Abu Dhabi.

In the post-pandemic era, a significant number of local and international organizations have incorporated work-from-home/remote work policies into their day-to-day operations, giving individuals the flexibility to live and work in different cities and countries. .

Nasma Luxury Stays is at the top of its game for the remote work movement with high-speed Wi-Fi, comfortable workspaces including desks and ergonomic chairs – enabling an elevated work/play environment for the global citizen. modern world.

The growing demand for short-term and vacation rentals is driven by an increased desire for a more flexible, “day-to-day” approach to living compared to the “norm” of traditional one-bedroom hotel stays. Nasma Luxury Stays offers a luxury “home away from home” with properties suitable for large families, fully equipped kitchens, and more. in some of the best locations in the UAE, including Palm Jumeirah Beachfront Villas and Yas Island Modern Apartments.

Dani Tabbara, COO at Al Tamimi Investment, said: After its best year to date in 2021 and a 50% increase in sales in the first quarter of 2022 compared to last year, Nasma Luxury Stays continues its strong trajectory of growth. This has been the result of positive market demand, but also a significant increase in the number of owners who have chosen to trust Nasma Luxury Stays with the management and rental of their properties.

“The exceptional and personalized service we provide to our partners, accompanied by a high return on their real estate investments, is a key factor in our success. We will continue our expansion strategy in the United Arab Emirates by adding more properties in Dubai and increasing our newly formed portfolio in Abu Dhabi.

Demand for staycations, supported by unpredictable travel restrictions, also continues to exert a positive influence on the UAE hotel market. In a recent report by Zawya on the 4-day Eid Al Adha break in the United Arab Emirates, dnata Travel revealed that 25% of its overall travel bookings for the break were for staycations, with increased demand for new hospitality offers.

Boasting a growing portfolio of niche offerings for discerning individuals, the majority of Nasma Luxury Stays units are reserved for short to medium term stays, which form a major part of its business.

“Nasma luxury stays are unique for a number of reasons, and we pride ourselves on our stay properties curated in prime locations around town with gorgeous views and full amenities (pool, jacuzzi, beachfront properties sea, toiletries, etc.), supported by experienced professionals and concierge service to guarantee a comfortable stay”, added Dani Tabbara.

Nasma Luxury Stays operates under a license from the Department of Tourism and Trade Marketing (DTCM), which enables a secure and seamless experience for owners wishing to list their homes. – TradeArabia Press Service

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