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Unofficially, homeowners have been leasing their apartments as holiday homes or on short-term basis for years now, making more money than by offering their units on a 12-month contract.

Now, those operating without a license will incur a fine.

The Department of Tourism and Commerce Marketing (DTCM), Dubai said those renting an apartment as a holiday home without a license will be fined Dh5,000. (Source: Emirates 24/7)

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