Dubai is the 4th most popular travel destination in the world. Currently, there are 676 hotel establishments in Dubai, with a total number of 98,949 hotel rooms and hotel apartments. With the city aiming to attract 20 million visitors per year by 2020, multiple hospitality developments are in the pipeline to meet demand. In fact, according to the Department of Tourism and Commerce Marketing, Dubai has already seen a 5.1 percent year-on-year increase in overnight visitors to 4.1 million during the first quarter of 2016, and it’s expected to reach 15 million before the end of 2016.
Dubai’s economic progression is heavily rooted in its tourism sector. In 2015, Dubai’s Department of Tourism & Commerce Marketing (DTCM) reported a record 14.2 million visitors – which is set to hit 20 million by 2020. To meet this massive increase, the Dubai hospitality sector has to tap into augmentation opportunities. It comes as no surprise that more than 10,000 new hotel rooms will spring up through 2016 to accommodate the projected increased demand.
So, as an investor how can you take advantage of this situation and make Dubai’s flourishing hospitality sector work for you? Investing in a hotel apartment could be the answer.
The Advantages of Investing in a Hotel Apartment
Previously only available to big investors, hotel apartments now offer individuals the opportunity to tap into Dubai’s booming hospitality market. You can get more than 15 percent tax-free annual returns on your investment, guaranteeing a regular stream of income. With full ownership rights, the freedom to sell the property at any time and free vacations every year; hotel apartments are lucrative investments that suit a variety of needs.
A Hassle-Free Investment
If you lack the time and resources to manage your property, a hotel apartment might just be the investment you’re looking for. Your fully furnished hotel apartment will be managed by luxury European service providers, who oversee reservations and maintenance for hotel apartments.
Positive Predictions and Market Stability
A consistent surge in inbound tourism and global investment means Dubai’s hospitality sector continues to enjoy sustained and reinforced growth. A strong market and economic stability through home-grown investments will provide more opportunities for hospitality investments to come up organically.
It’s an exciting time for the already booming real estate industry in the city as more and more people all over the world are lured by Dubai’s innovative, luxurious and creative charm. And with the anticipation of Expo 2020 around the corner, we expect Dubai to truly show the world what it’s made of – and we’re sure the results will have investors beaming with delight.
Invest in a Hotel Apartment in Dubai
This exclusive luxury beach hotel in Dubai offers the opportunity to invest in studio and 1 bedroom hotel apartments located in a prime beachfront area with a beautiful white sandy beach. The contemporary Mediterranean-style hotel will be home to premium quality rooms, suites and deluxe apartments with balconies. Special features at the hotel will include picturesque courtyards, various swimming pools, landscaped gardens, kids clubs, watersports, diving and snorkeling facilities. Hotel guests will be able to dine at a variety of Mediterranean-style beach cafes and specialty restaurants whilst enjoying a host of shopping facilities on their doorstep. All accommodation will offer either breathtaking sea and Dubai skyline views or overlook the adjacent European-style piazza which is home to luxury boutiques, cafes, and restaurants. The hotel will be the perfect holiday destination for couples, groups, and families with amenities to suit all individual tastes and interests.
Prices starting from: 1,400,000 AED (1,387,918 QAR)
The hotel apartments come with a fascinating offer of 8% Net Return on Investment for 5 or 10 years allowing for very lucrative annual returns on your unit. This is without considering the capital appreciation which is expected to reach 20 to 25% on the capital invested once the unit is delivered.
As an additional benefit, you have the right to use your unit for 14 days a year completely free of charge.
Payment Plan:
20% – Upon Signing the SPA – Immediate
20% – May 2017
20% – Nov 2017
40% – On Handover – Q3 2018
All units and prices are subject to availability.
Call +974 4016 7000 to speak to one of our Property Consultants for more details on investing in a hotel apartment in Dubai.