Distinguished Real Estate (DRE), one of the largest fully integrated real estate developers in the UAE, announced its partnership with Keys Please, a leading Dubai-based holiday homes rentals service provider, with an aim to capitalize on the growing demand for furnished short-term rentals in the region. The partnership combines Distinguished Real Estate’s expertise across diverse infrastructure domains with Keys Please’s experience in the UAE’s holiday homes market, as tourism regains its glory as one of the main drivers of the UAE’s economic growth.
The announcement was made during a press conference held at 151 reisdence , Dubai. During the ceremony, Mr Abdullah Saeed Al Tayer, MD Distinguished Real Estate, inaugurated the first short-term rental offering through the partnership – 151 Residence, Jumeirah Garden City – by cutting the ribbon.
The partnership between DRE and Keys Please now makes it possible for travelers – both corporate and tourists – to easily reserve carefully curated furnished units in Dubai’s prime locations such as the 151 Residence, Jumeirah Garden City, conveniently located right off Sheikh Zayed Road, close to Dubai Mall and Burj Khalifa. Its apartments are all move-in ready, professionally designed, fully-furnished and equipped to meet guests’ unique needs. The newly built property also features a state-of-the-art gym, steam and sauna rooms, jacuzzi and a large swimming pool.
Commenting on the partnership, Mr Abdullah Al Tayer said: “The demand for short-term rentals in Dubai has witnessed a spike even in the midst of the pandemic, and went further up after Expo 2020 began. A wide array of factors are supporting this trend, and the latest of them is the UAE strategy to attract talent from around the world. Besides, the country has launched multiple new visa reforms including a remote work visa and a multiple entry tourist visa for all nationalities. All these developments are attracting various demographics of travelers and visitors to the country, who increasingly prefer short terms rentals, mainly owing to their ’no-strings’ nature.”
“Against this backdrop, we are delighted to partner with Keys Please to further expand into the furnished short-term rental market and contribute to enhancing the diversity of Dubai’s and the UAE’s tourism products and offerings. It was an easy choice for us, given Keys Please’s success in developing lodging and hospitality concepts and for being a renowned DTCM-accredited holiday homes operator.” Mr Abdullah Al Tayer added.
Hasan Morcel, Founder of Keys Please Holiday Homes Rentals Dubai, said: “Tourism and hospitality is one of the priority sectors that have enjoyed the UAE government’s special attention during the Covid-recovery phase. Thanks to a set of incentives and innovative initiatives to drive economic recovery, the UAE recorded second highest hotel occupancy rate globally in 2020, and its effect continues to reflect in the short-term rentals market as well. By partnering with DRE, we look forward to adding further value to the emirate’s holiday homes market and catering to the diverse needs of all categories of guests.”
The hotel and hospitality establishments within the UAE’s tourism sector recorded 62% occupancy rate in H1 2021, outperforming 10 other major global tourism destinations including China (54%), United States of America (45%), Mexico (38%), the United Kingdom (37%), and Turkey (36%). The country’s hotel and tourism establishments attracted nearly 8.3 million guests during this period, recording 15% growth compared to that of H1 2020.
Source: Keys Please