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Dubai Hotel Apartments
One area that has been witnessing tremendous growth in Dubai is the Hotel industry. With average occupancy rates soaring to 85% per year, the emirate regularly outshines even the more established cities like London and New York. According to the Dubai Department for Tourism and Commerce, hotel guest numbers increased to 3.85 million in the first half of 2009, up by 5% and 3.68 million in 2008. Hotel Apartments have also fast become a red hot sector within the industry, with more and more tourists and business travellers opting for the space, privacy and comfort they offer compared to a standard hotel room.
As well as providing a ‘home from home’ feel, Hotel Apartments are proving a more effective option for short to mid term stays. The First Group has been quick to recognise the lucrative benefits of investing in this growing sector by including a range of exciting Hotel Apartment projects in its portfolio. Owners at Metro Central, Grand Central and First Central can expect to enjoy a guaranteed income thanks to the continued demand for short to mid term business and leisure lets.
INVESTING IN DUBAI”S THRIVING HOTEL APARTMENT INDUSTRY