Demand for Dubai Hotel Industry to Grow

06/07/2010 - Dubai Property News
Demand for Dubai Hotel Industry to Grow

The Dubai Hotel industry continues to prove big business! According to a Q2 report by Jones Lang LaSalle (JLL), the industry is forecast to see a growth in strong demand over the short to medium term. JLL also reports occupancy rates remained stable around the mid 70-80% mark during the first few months of this year, spelling good news for those choosing to invest in the industry.  Nearly 14,000 additional rooms are due to be completed by the end of 2012, adding to the current total of 46,000 hotel graded units in 2009. The First Group’s Metro Central and Grand Central Hotel Apartments, both located in Tecom, offer the opportunity to invest in Dubai’s thriving hotel sector. Stay tuned to the Tecom Tales for regular updates on how these projects are progressing!