Holiday homes to continue rental operations in Downtown Dubai
UAE: Dubai’s Department of Tourism and Commerce Marketing [DTCM] has ruled that holiday home operators can continue letting out their properties in Downtown Dubai, thereby reversing a potential ban being imposed by Emaar. Just a fortnight ago, it emerged that the master developer had sent out a notification to homeowners in the Downtown area of […]
Airbnb data reveals UAE summer staycation trends
UAE: According to Airbnb internal data, more and more UAE nationals and residents are preferring staycations, even during the summer season. Between the peak season for travel over 22 May and 22 August, the online platform has highlighted the increase in the number of staycations and domestic travel for UAE nationals as the number one […]
Munich’s Holidu closes €40 million Series C funding round
Germany: Munich-based holiday rentals search engine Holidu has announced it has closed a €40 million Series C funding round. The round was led by Prime Ventures, with participation from coparion and MairDuMont Ventures. Existing investors, including EQT Ventures, Venture Stars, Senovo and business angel Chris Hitchen, also took part in the deal, which is reported […]