Over the last 90 days, the primary market analysis of serviced/hotel apartments in Dubai has shown a significant increase in demand for this type of investment property.

Serviced apartments have become a popular choice among investors who are seeking to generate profits by renting out their properties to travelers seeking luxurious, short-term accommodations.

The total sales volume for serviced/hotel apartments in Dubai over the last 90 days was 716 transactions, with a total worth of 1.3 billion.

The price range division of these transactions is divided into three categories:

The elite range, which is priced between 20-50 million, and had one transaction at Jumeirah Beach Residence.

The premium range, priced between 10-20 million, had one transaction at Downtown Dubai.

The affordable range, priced between 500k-5m, had a total of 608 transactions. The most popular locations for the affordable range were Dubai Marina with 182 transactions, Business Bay with 157 transactions, Palm Jumeirah with 79 transactions, Dubai Healthcare City Phase 2 with 35 transactions, Jumeirah Village Circle with 32 transactions, Zaabeel First with 21 transactions, Al Furjan with 21 transactions, Jumeirah Beach Residence with 20 transactions, Jumeirah Village Triangle with 19 transactions, and Damac Hills (Akoya) with 11 transactions.

Among the top locations

based on sales value,

Business Bay takes the lead with 173 transactions totaling 336.4 million. Dubai Marina follows closely with 182 transactions amounting to 235.2 million, while Palm Jumeirah takes third place with 79 transactions worth 176.6 million. Zaabeel First and Jumeirah Beach Residence secure fourth and fifth positions with 31 and 24 transactions respectively.

Considering the transactions count,

Dubai Marina leads with 182 transactions totaling 235.2 million. Business Bay follows closely with 173 transactions amounting to 336.4 million. Palm Jumeirah ranks third with 79 transactions worth 176.6 million. Al Furjan and Jumeirah Village Circle secure fourth and fifth positions with 60 and 37 transactions respectively.

As for the top projects,

based on sales value,

Ciel Tower takes the lead based on sales value with 180 transactions totaling 233.9 million. One Zaabeel Tower secures second place with 31 transactions worth 172.5 million. SLS Dubai Hotel and Residences follows closely with 40 transactions amounting to 135 million. Balqis Residence 3 and Aykon City Tower B rank fourth and fifth with 62 and 52 transactions respectively.

Considering the transactions count,

Ciel Tower takes the lead again,with 180 transactions totaling 233.9 million. Balqis Residence 3 secures second place with 62 transactions worth 132.7 million. Aykon City Tower B follows closely with 52 transactions amounting to 85.8 million. SLS Dubai Hotel and Residences and O Ten rank fourth and fifth with 40 and 35 transactions respectively.

These numbers demonstrate the robust growth of Dubai's primary market of serviced/hotel apartments, with several locations and projects emerging as top performers.

Among these top locations and projects, different locations and projects are popular for different sizes of properties,

from the top locations list:

For studios, are Business Bay, Jumeirah Village Circle, Dubai Marina, and Jumeirah Beach Residence.

For 1 bedroom apartments,popular areas include Business Bay, Palm Jumeirah, Jumeirah Village Circle, Dubai Creek Harbour, Dubai Marina, Downtown Dubai, Umm Suqeim Third, Damac Hills (Akoya), and Town Square.

2 bedroom apartments are most sought after in Business Bay, Dubai Creek Harbour, Palm Jumeirah, Dubai Marina, Downtown Dubai, Zaabeel First, and Umm Suqeim Third.

For 3-bedroom apartments, the most popular areas include Dubai Creek Harbour, Palm Jumeirah, Business Bay, Jumeirah Beach Residence, and Dubai Marina.

4 bedroom apartments are most in demand in Palm Jumeirah, Jumeirah Beach Residence, Downtown Dubai, and Al Furjan.

For 5-bedroom apartments, Downtown Dubai and Al Furjan are the most popular locations.

Lastly, for 6-bedroom apartments, Al Furjan is the preferred choice.

From the top projects list in Dubai, some of the most popular options for studios include Ciel Tower, Balqis Residence 3, and Five Luxe.

The information provided is from the sources of the Broker Terminal, an innovative platform that boasts an impressive scope, covering over 6,000 real estate projects across all freehold locations in Dubai. This includes comprehensive details about 360 developers and their respective projects. With such an extensive and thorough database, Broker Terminal serves as an unmatched resource for investors seeking to make informed decisions in the Dubai real estate market. Its unparalleled depth and breadth of information make it an essential tool for anyone looking to stay ahead of the curve in this fast-paced industry.

check out the secondary market trends as well:




BrokerTerminal.com is the largest real estate website in the UAE with a wide range of residential and commercial properties for sale and for rent. Browse the huge inventory properties by starting your property search today on BrokerTerminal!

Leave A Reply

Your email address will not be published.*