Dubai's Short-Term Rental Push Creates 'Race to The Bottom'
Skift Take
Dubai's ever-growing tourism sector makes STRs look like easy money, but operators warn this is far from true.
A push by the Dubai government to introduce more short-term rentals into the market may have worked a little too well. That was the sentiment at the Skift Global Forum East 2024 in Dubai, where execs warned the emirate is being flooded with new companies unfamiliar with the sector.
"We’ve seen a lot of new entrants, everybody has been doing a holiday home company [in Dubai] over the past two years," said Nina Klishevich, general manager for Blueground in Dubai.
Based in New York, Blueground is a property-management company that operates furni
