Is investing in the Dubai hotel apartment a sound choice? The answer is a resounding yes!
Dubai, as we all know is a world-class holiday, business and leisure destination. This status is expected to strengthen in the run-up to Expo 2020, the mega event, expected to attract around 17.5 million visitors from across the globe. This is in addition to the double-digit growth in the tourism sector that Dubai has seen in recent years, making an investment in the Dubai hotel apartment a lucrative investment option.
Being one of the greatest cities in the world, Dubai is always a whirlwind of activity filled with iconic sites at every turn. While some people come here and admire the skyline, others come to shop and see spectacular sights such as Burj Khalifa and the souks. Many of these visitors arrive through the Dubai International Airport, officially the world’s busiest airport in terms of international passenger traffic. Furthermore, tourism is expected to increase between 7-9 percent over the next five years and account for almost 30 percent of Dubai’s GDP. Further, Dubai has close to 160,000 hotel rooms in the pipeline over the next five years. Many of these will be in response to the expected Expo 2020 demand, but also reflect Dubai’s booming tourism industry.
It’s no surprise that investors are looking to cash in on the Dubai hotel apartment sector for lucrative opportunities. Over recent years, a new concept is growing in popularity — the serviced apartment: fully-fitted apartments that offer the comforts of home in luxurious settings. These properties are ideal for business and leisure travelers who want an alternative to the stuffy hotel suite and for families with children who need more space and amenities 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 have the reassurance of knowing that if they decide to opt for a rental, rather than go through the primary residence route, a ‘rental pool’ option is available. This means that all administration, management, bookings, and maintenance is taken care of by the hotel itself.
With Dubai’s property market holding steady and the demand for hotel rooms rising 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 residential properties, they also offer greater yields.
There is an extensive choice of hotel apartments and luxury hotel apartments available for visitors to Dubai that appeal to all levels of budget type and style preference. Tourism and making visitors of all cultures and nationalities feel welcome has become synonymous with Dubai’s own generous culture. The growth of the Dubai hotel apartment industry over the last 10 years has given potential clients greater choice in where they stay and how much they spend when they do. Hotel apartments in Dubai created for both tourist and business travelers alike, used to offer a mainstream standard of service, while today, the ever growing number of visitors to Dubai has encouraged the hotel apartment industry to raise its service standards by catering to Dubai luxury hotel apartment visitor. Competition within the industry is tight as both tourists and business travelers are more quality savvy, forcing hotel apartments in Dubai and Dubai’s luxury hotel apartments to continuously raise their bar.
Hotel apartments in Dubai are popular with singles, married couples and families alike because they include services that make tourists and visitors to Dubai feel more at home than they would be staying at a hotel from a kitchen or kitchenette service within the unit to interior decor that creates a more personal space, two elements that many visitors to both hotel apartments in Dubai and to Dubai luxury hotel apartments enjoy. According to the Dubai Department of Tourism and Commerce Marketing, the number of guest nights spent in Dubai hotel apartments grew by about 4% in the first half of 2014. The Dubai hotel apartment industry appeals to many tourists and business travelers visiting the Emirate for the location and experience so the luxury hotels, in this case, may not be key in the final travel package decision; and as long as the industry has a service offering for both the low, mid 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 gears up for the arrival of Expo 2020, tourists and visitors from all over the world will drive the quality of service at all budget levels.
Enjoy the best of both worlds – the freedom of a serviced hotel apartment in Dubai – with Better Homes.
Hotel apartments are suite-style accommodations, which have hotel facilities such as a reception desk but are also self-catered with a kitchenette, for example.
At Better Homes, we connect people with Dubai’s widest selection of incredible hotel apartments, serviced apartments and holiday homes to stay, ranging from five days, up to a year.
From studio apartments to large and lavish duplexes spread across Dubai’s most desirable areas, our range of short-term rentals is in an instant live-in condition — right down to towels and teaspoons. We make sure everything is set and ready for your stay, so you can feel right at home with us. Flexible and hassle-free, we apply the best global standards across all our properties with superior quality and service, practicality and prime locations.
Given the huge demand for short-term rentals and the influx of visitors to the city, the government has brought short-term rentals, under the same regulatory structure as hotels. By making it mandatory that all properties are licensed, the focus rests on delivering quality accommodations and services for guests, always.
As one of the UAE’s leading brokerages, we offer a handpicked portfolio of short-term rental properties cutting across residences in the world’s tallest tower to sprawling beach-facing villas. From waterfront residences in Dubai Marina and Jumeirah Beach Residence to Palm Jumeirah residences with gorgeous vistas and private beaches to budget stays close to transport networks, our short-term rentals are mostly furnished residences with exceptional business, wellness and lifestyle amenities within iconic Dubai neighborhoods, providing ample space for relaxation. Most suites have separate living and sleeping areas, so you can conduct business or entertain as you would at home. Most kitchens include high-end appliances and the thoughtfully designed common facilities offer a natural extension of your living room.
At Better Homes, we balance the space and comfort of a fully appointed residence with the style and hospitality of an intimate hotel. Our goal is to consistently exceed your expectations with excellence in service, comfort, and value. Our competitive weekly and monthly rates, prime locations, spacious suites, attentive service, and world-class amenities represent distinct advantages when compared with a traditional luxury hotel.
Our short-term rentals provide a welcoming urban oasis in some of the most vibrant neighborhoods across Dubai. We are confident you will enjoy every moment of your extended stay.
On the other hand, if you own an apartment or a villa and would like to convert it into a DTCM licensed holiday home, get in touch.