Is it worth investing in a hotel apartment in Dubai? Why is it profitable to invest in hotels in Dubai? World’s tallest hotel off-plan project’s in Dubai is now in full swing.
Is it worth investing in a hotel apartment in Dubai
One of the real estate segments in the UAE is hotel apartments. They are housing (temporary or permanent) that combines residential and hotel sectors. On the one hand, these are ready-made apartments or apartments that have all the necessary amenities. On the other hand, residents can expect a high level of service comparable to the best brands. If you are interested in real estate in Damac Hills, Jumeirah Lake Towers, or any other community in the city visit Ax Capital website for information about prices and available real estate.
Property in Dubai
Today, hotel apartments occupy approximately 27% of the total real estate market in the UAE. The main advantage of this type of real estate includes higher profitability. In addition, it is the purchase of rooms that guarantees a sustainable income.
The owner of an apartment does not need to:
- Search for tenants,
- Solve the issue of maintenance,
- Or repair the premises.
All these issues are solved by a special company, which is responsible for the maintenance of the premises.
In the current global environment, the city plans to host even more guests, which speaks to the relevance of hotel apartments. On average, depending on the location and level of service, the apartment owner’s income can be up to 15%.
A new type of property for sale in Dubai
The SLS Hotel is located in the heart of the popular Downtown area, right on the banks of the Dubai Canal. To date, it has 946 residential apartments, and the height of the building is 75 floors.
Potential investors are invited to buy one of the four shares of apartments or rooms that are located in the real estate, and then make a profit for ten years. It is worth noting that investors become the official owners of the property while receiving a state certificate of ownership issued by the Dubai Land Department.
It is specified that the owners will be able to make a profit every month. The owner is not even obliged to maintain the property or look for tenants: the company takes care of everything directly. In addition, the owner has the right to rest in the purchased room for seven days (for one year).
World’s tallest hotel off-plan project’s in Dubai
Of the hundreds of tallest buildings in the world, as many as five buildings are located in Dubai. One of them is the highest hotel in the world, whose height is 365 meters. According to representatives of the developer, the construction of the Ciel Hotel is nearing completion. The grand opening of this facility is planned for 2024. To date, according to the developer The First Group, work is being carried out at a height of 52 floors.
- It is noteworthy that today the title of the tallest hotel in the world belongs to the Gevora facility, which is also located in Dubai on Sheikh Zayed Road. Its height is 356 meters.
- Earlier this title also belonged to the hotel from the city – JW Marriot Marquis, whose height is 355 meters.
It is noted that the Ciel hotel will include more than 1,000 rooms, including the most luxurious suites. Premium amenities will be provided to guests. It also boasts a magnificent lounge on the 81st floor, which will offer incredible views of the city, and an outdoor terrace that includes a bar and an infinity pool.
Real estate agency in Dubai
Do you want to buy property in Dubai? Contact real professionals from the AX Capital estate agency, who will advise you on all issues of interest and help you choose the most optimal properties.