The UAE hotel market is continuing to see signs of recovery and will see an additional boost this year as a result of the highly-anticipated Expo 2020 Dubai.
According to JLL in its latest UAE Real Estate Market Performance report, Dubai will add an additional 12,000 keys over the remaining half of the year to cater for the increased demand as a result of the Expo 2020 Dubai event. According to the report, the city’s new supply includes a host of four-star hotels and five-star hotels.
Dana Salbak, Head of Research MENA at JLL, commented: “The balance between four and five star hotels comes as no surprise and is in line with Dubai’s expanding tourism base. Offering more mid-segment and affordable hotel stays without compromising on quality has been a part of Dubai’s strategy to attract visitors from various destinations and comes in light of the high visitation numbers that are anticipated for Expo.”
