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More Visitors Seek Serviced Dubai Apartment
The Dubai apartment has long been sought after for the incredible capital growth the market has enjoyed. However with expanding floating populations, both business and tourist, developers are focusing on the serviced Dubai apartment. Recent statistics released by the Department of Tourism and Commerce Marketing (DTCM) reflect an escalating demand for serviced apartments in Dubai.
There are many new serviced apartments in Dubai that have been launched. The latest is Green Lakes Serviced Apartments by Emirates Hotels and Resorts. The growing interest promoting serviced apartments in Dubai is reflected in DTCM’s statistics. According to DTCM the number of guests rose by 11 percent in 2007 and Dubai’s deluxe serviced apartments had an average occupancy of 81 percent last year. Further over 200,000 visitors from the European Union utilised luxury apartments last year, led by the United Kingdom with nearly half of these visitors.
Many from the industry feel that visitors prefer to stay in a serviced Dubai apartment because it provides all the comforts of a glamorous home combined with the services of a hotel. Especially for those visiting the Emirate for more than just a few days, staying in a serviced Dubai apartment does not have the sense of ‘living out of a bag’. A serviced apartment facility in Dubai would typically come with all the trappings of housekeeping, restaurants, gyms, pools, etc. so one can live in comfort and entertain easily too. Further a serviced Dubai apartment can be cost effective for long stays or for groups or families travelling together.
A Dubai apartment is a lifestyle symbol and a much sought after investment. While traditionally developers looked at accruing returns on a Dubai apartment from merely flipping around the property, they are now looking at ways to generate an attractive income from their Dubai apartment. The fantastic returns on serviced apartments in Dubai further reiterate the health of the real estate market and the Dubai economy as a whole.
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