Deluxe Holiday Homes (DHH), a leading holiday lets provider in Dubai, has reported a record-breaking increase of 150 per cent in its property portfolio despite the pandemic travel lull, growing from 100 to 250+ properties in the last twelve months.
The boutique agency, which provides accommodations ranging from stylish city apartments to luxury beach-side villas and family homes in Palm Jumeirah, is currently operating at near-total capacity and making preparations for the summer travel boom.
Even during some of Covid’s most difficult months, from March to October 2020, Deluxe Holiday Homes was able to consistently maintain occupancy levels at about 90 per cent, providing peace of mind and a secure source of income for its network of partner landlords. Travel restrictions and social distancing guidelines meant that many travelers opted for short-term homes over hotel rooms. Staying in a flat or family villa provided the extra space, privacy, and convenience to enjoy time away while still having the amenities of a home base.
Demand meant that the company was able to not only avoid any pandemic-related layoffs but helped its team from just over 30 to 70+, on boarding new hires across all areas of the business, including housekeeping, operations, business development, maintenance, marketing, and finance.
Deluxe Holiday Homes founder and CEO Artyom Meltonyan said: “Short-term letting from two to three years could give landlords between 20 per cent and 40 per cent higher income than long-term tenancies.”
The agency’s fully furnished apartments are located in prime areas of the capital, such as Dubai Marina, Sports City, Bluewaters Island, Business Bay, and Dubai South, with a further selection of private villas found on Palm Jumeirah. As summer travel takes off, the award-winning agency expects to fill all its most in-demand properties, a company statement said.
