In Dubai, the lodging industry is revealing itself as the golden fruit of the country real estate developments and extensive marketing.
Although the number of players entering the market is growing there are still numerous opportunities available for successful entries and thanks to the lodging industrys recent performance and outlook, financing for service apartments construction or investment is becoming more readily available.
The Serviced Apartments category has been doing consistently well meeting the needs of corporate executives and travelers alike with a good combination of short and medium term rentals.
Speculative hoteliers are taking advantage of the market, pushing rates to new heights and there seem to be no underperforming properties on the Dubai market to a point where it is reasonable to consider converting a residential property into a commercial one.
While pursuing service apartments construction or lease seems like a good investment, there is a fair chance that you would not be the only one to have this idea. While your overview for the project might look good today, given current market conditions, five more similar projects...
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