As one of the largest cities in the world, Dubai is always a whirlwind of activity filled with iconic places on every turn. While some people come here and admire the skyline, others come to shop and see spectacular sights like the Burj Khalifa and the souks. Many of these visitors arrive through Dubai International Airport, officially the world’s busiest airport in terms of international passenger traffic. In addition, tourism is expected to increase between 7-9 per cent over the next five years, accounting for almost 30 percent of Dubai’s GDP. More,
It is no surprise that investors are looking to make money in the hotel apartment sector in Dubai for lucrative opportunities. In recent years, a new concept is growing in the popularity-serviced apartment: fully equipped apartments that offer the comforts of home in luxurious surroundings. These apartments for sale in Dubai are ideal for business and leisure travelers who want an alternative to the cramped hotel suite and for families with children who need more space and facilities than hotel rooms offer. Examples of three such developments are The Kempinski Emerald Palace Hotel, Anantara Residences and The 8, all in Palm Jumeirah. Investors are assured that if they decide to opt for a rental, rather than go through the primary residence route, there is an option for a ‘rental pool’. This means that all administration, administration, bookings and maintenance are handled by the hotel itself.
As Dubai’s real estate market holds steady and the demand for hotel rooms increases every year, now is an excellent time to invest in new Dubai hotel apartments. Not only do they tend to be less volatile than Dubai properties, they also offer greater yields.
There is a comprehensive range of hotel apartments and luxury hotel apartments for sale in Dubai Marina that appeal to all levels of budget type and preferences. Tourism and making visitors from all cultures and nationalities feel welcome has become synonymous with Dubai’s own generous culture. The growth of the hotel apartment industry in Dubai over the last 10 years has given potential customers greater choice in where they live and how much they spend when they do so. Hotel apartments in Dubai created for both tourists and business travelers, used to offer a standard of service, while the ever-increasing number of visitors to Dubai today has encouraged the hotel apartment industry to raise its service standards by taking into account Dubai luxury hotel apartment visitors. Competition in the industry is fierce as both tourists and business travelers are more quality conscious, forcing hotel apartments in Dubai and Dubai luxury hotel apartments to continually raise the bar.
Hotel apartments in Dubai are popular with singles, couples and families because they include services that make tourists and visitors to Dubai feel more at home than they would stay in a hotel from a kitchen or kitchenette in the unit of decor that creates a more personal space, two elements that many visitors to both hotel apartments in Dubai and in Dubai luxury hotel apartments enjoy. According to the Dubai Department of Tourism and Commerce Marketing, the number of guest nights in Dubai hotel apartments grew by around 4% in the first half of 2014. The Dubai hotel apartment industry appeals to many tourists and business travelers visiting the Emirate for location and experience, so luxury hotels in this case are possibly not the key in the final travel package decision; and as long as the industry has a service offering for both the low, middle and high end of the market, hotel apartments in Dubai and Dubai luxury hotel apartments will continue to expand and grow. And as the industry prepares for the arrival of Expo 2020, tourists and visitors from all over the world will drive the quality of service at all budget levels.