Those looking for alternatives to traditional hotels in Abu Dhabi will now have wider options of "high-quality accommodation" open to them.
That's after a deal has been inked between the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and vacation rental platform Airbnb, with the aim to boost the holiday home sector in the UAE capital.
As a regulator of holiday homes in Abu Dhabi, DCT will enable leading holiday home rental platforms to offer short-term rentals responsibly and to help diversify the growing tourism and hospitality sectors.
Under the agreement, Airbnb will provide DCT Abu Dhabi with access to its City Portal, which will share important data and insights about rental activities taking place in Abu Dhabi.
Airbnb will also launch a dedicated responsible hosting page on the platform, helping new and existing hosts in the emirate with understanding and following local rules for holiday homes.
Saood Al Hosani, Undersecretary of DCT Abu Dhabi, highlighted that the partnership hopes to ensure "tourists and residents in Abu Dhabi are provided with more choice for safe and secure short-term accommodation".
"This cooperation will help us meet the rising demand for high-quality alternatives to established hotels and hotel apartments across Abu Dhabi."
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.