Dubai embraces stunning hotels that puts glam back on the design map. Rove City Walk is the newest addition to the hotel chain, aimed at millennial travelers. However, hotels like Rove have great advantages for investing in the hotel property market. There are eight compelling reasons to invest in hotel rooms in the most populous city in the Emirates. Dubai is …
- On everyone’s bucket list
According to Euromonitor International’s Top 100 City Destinations 2018 report, Dubai was ranked in the one of the top 10 most visited cities in the Middle East and the world, beating popular cities like New York, Amsterdam, Vienna, Miami, Rome, and Las Vegas. It attracted
- The second 2nd safest city in the world
When it comes to lowest risk of crime, Dubai is the second safest city in the world. This is a significant factor as to why there is also an increase number of tourists and average overnights.
Attracting more visitors
There are more visitors snapping photos of Dubai’s landmarks and checking into hotels in the city than any other country around the region. The popular city attracted 16 million visitors in 2017 and is expected to attract 20 million by 2020, and 30 million by 2030. The key source markets, India, KSA, UK, China, Oman, and Russia.
- Averaging guests’ length stay
Visitors spend an average of 3.5 days in hotels while the average occupancy ratio is at 78%. The international overnight visitors last year was 15.79 million and is forecasted to increase by 5.5%. Average daily rate at AED 484. Highest spend per visitor USD 537 per day as per Master Card Destination Cities 2018 compared to destinations like Bangkok, Tokyo, Singapore and more.
- Undergoing a range of structural changes within the hospitality sector
The hospitality and tourism sector is a significant contributor to the UAE’s economy. The total overnight stays is expected to increase by 59% growth to over 113 million by 2026 in overnight stays, while the total number of overnight stays has increased by 155% in the 10 years with an amount of 70.9 million total nights with 70.9 million. The level of growth in tourism is expected to remain strong, with total overnight stays expected to increase by 59% to over 113 million by 2026.
- Is receiving a huge demand for midscale established hotels
Rove Hotels is a great example of serving as a midscale contemporary brand and offers mid-market hotels that appeals to the trend-setters, millennial, value-conscious travelers. Conveniently situated in City Walk by Meraas Dubai, it’s a main attraction for foreign investors and is a new way to live. It has indeed set a trend in the hospitality sector.
- Is the first city to host the Expo 2020
Dubai is awash with exuberance succeeding the Expo 2020 announcement and its vast transformative effects. The population and residency will increase and affect Dubai’s fast-changing real estate market due to the Expo 2020, which is expected to draw 25 million visitors.
- Home to new and record-breaking attractions
The city has record-breaking landmarks such as Burj Khalifa, The Dubai Fountain, The Dubai Mall, Dubai Frame and more. Now it will unveil the world’s largest Ferris wheel at Bluewaters Island with a staggering height of 210m, the world’s largest sports m