Hotel Property
shared by tipsinvestment on Apr 28
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Hotel Property
Based on materials http://www.thefirstgroup.com
Both hotel property development and hotel room investment have surged in popularity in Dubai due to the high profitability and security ...
of the sector.
Dubai property investors turn to the hotel property market in search of high-yield opportunities. Income generating property assets are highly appealing across major international property markets as investors are seeking safe havens for their capital. Investors can use the purchased hotel units for residential purposes, leasing, or for incorporating into the whole hotel operation.
Diversifying a portfolio to include hotels can pay off well for developers, as premium hospitality brands are expected to remain in demand, whilst Dubai's government has been taking measures aimed at attracting investment to the hospitality sector.
The UAE remained the top performer in the Middle East and North Africa region in terms of hotel occupancy in 2014 by maintaining a high average of 79 per cent in Dubai and Abu Dhabi. Dubai’s occupancy rates continue to meet and sometimes outperform the rates of international established hotel markets such as London, Paris and New York.
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