Advantages of investing in a hotel apartment in Dubai
Did you know that 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 per cent 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.
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.
Developments such as AYKON Hotels & Resorts, DAMAC Maison Royale and DAMAC Maison Hotels & Resorts offer the ideal investment opportunity for both business travelers and families. These serviced, fully furnished apartments have all the comforts of home combined with the luxury and services of a hotel room.
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 up to 10% 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 service providers, such as AYKON Hotels & Resorts which oversees reservations and maintenance for hotel apartments at AYKON City.
Choosing the best hotel apartment options
Before signing the dotted line, ensure that the property has the facilities to meet future demand. Does the property have appealing amenities for visitors? Is it in a prime location close to tourist attractions and leisure amenities? Popular destinations with easy access to landmarks or businesses usually have higher occupancy rates. For example, AYKON City is centrally located on Sheikh Zayed Road overlooking Dubai Canal. These freehold properties offer a variety of furnished and serviced units with magnificent views, five-star amenities and easy access to the city’s best attractions, restaurants, nightlife and entertainment hubs.