Document background
The Short Term Rental Management Agreement is essential for property owners in the UAE who wish to delegate the management of their properties for short-term rental purposes to professional management companies. This document has become increasingly important with the growth of the holiday homes market in the UAE, particularly in Dubai, where specific regulations govern such operations. The agreement needs to comply with UAE property laws, tourism regulations (especially Dubai Tourism Directive No. 1 of 2020), and municipality requirements. It typically covers comprehensive service provisions including marketing, guest management, maintenance, financial administration, and regulatory compliance. The document is particularly relevant in the context of the UAE's growing tourism sector and the increasing popularity of short-term rental properties as alternatives to traditional hotel accommodation.
