14/07/2010 - Dubai Property News
New figures show Dubai’s population rose by nearly 2% in the first quarter of this year to over 1.8 million people. According to the Dubai Statistics Centre, the city’s transient population, or those commuting to the emirate for work, also served to push those numbers up to around 2.87 million on an average working day.
The report also revealed demand for hotel accommodation remains high, with over 1.5 million guests recorded during Q1 across the city’s 364 hotel venues. Hotel Apartments also proved a very popular choice, with over 420,000 visitors checking into the emirate’s 186 venues. But with just over 18,000 hotel apartments currently available in the city, the mathematics clearly show demand still outstrips supply! The report spells good news for The First Group’s investors in the Tecom area – with Metro Central and Grand Central Hotel Apartments soon set to make their mark on Dubai’s buzzing hotel sector!