In recent years, the city has witnessed a significant increase in the number of serviced/hotel apartments, which has opened up new investment opportunities for buyers.

Investing in serviced apartments can be a great way of generating money, particularly if you're looking for a long-term investment that provides a steady stream of income. Unlike traditional apartments, serviced apartments are fully furnished and equipped with all the necessary amenities, making them an attractive option for short-term stays and business travelers.

One of the main benefits of investing in serviced apartments is that most people who invest in them live in them on and off. This provides them with the flexibility to use the apartment when they need it and rent it out when they don't, making it a great way of generating income from a greater perspective. Here we have a comprehensive analysis of the secondary market for serviced/hotel apartments in Dubai for a period of 90 days.

Total Transactions and Sales Value

In the 90-day period under review, a total of 359 transactions were recorded, worth AED 1.1 billion. The affordable range (500K-5M) recorded the highest number of transactions, with 243 transactions worth AED 516 million. The premium range (10M-20M) recorded nine transactions worth AED 104.6 million, while the elite range (20M-50M) had two transactions worth AED 52.8 million. No transactions were recorded in the ultra-luxury range (50M+).

The analysis of the market with respect to the locations showed that Downtown Dubai was the top location for serviced/hotel apartments, with 133 transactions worth AED 682.6 million in sales value. Jumeirah Beach Residence and Palm Jumeirah followed with 25 and 54 transactions, respectively. In the affordable range, Downtown Dubai also had the highest number of transactions, with 81 transactions worth AED 254.7 million. Palm Jumeirah and Business Bay had 53 and 28 transactions, respectively. Other popular locations in this range include Dubai Creek Harbour, Jumeirah Village Circle, Dubai Marina, Al Furjan, Damac Hills (Akoya), and Barsha Heights.

The analysis of transactions by project showed that The Address Jumeirah Resort Tower 2 had the highest sales value with 25 transactions worth AED 163.5 million. The Address The Blvd and The Address Residence Sky View 2 followed with 26 and 17 transactions, respectively. Milano Giovanni Boutique Suites had the highest number of transactions, with 29 transactions worth AED 14.9 million. Other popular projects include The Address Residence Sky View 1, The Address Fountain View 2, The Address Fountain View 1, Vida Residence Downtown, Five Palm Jumeirah, Seven Residences, and Vida Residences Dubai Mall Tower 1.

Renowned for its luxury, thriving economy, and attractive investment climate, Dubai remains a popular choice for buyers and investors worldwide. Its towering skyscrapers and top-notch amenities make it the ideal destination for those seeking a lavish lifestyle, while its affordable properties provide options for a broader range of buyers.

For new investors seeking in-depth and comprehensive information on Dubai's real estate market, Broker Terminal is the ultimate solution. The platform covers over 6,000 projects across all freehold locations and 360 developers, including detailed information about each developer's projects. Broker Terminal also highlights the best-performing developers in both primary and secondary markets, as well as linking clients with location and area experts for a more personalized experience. By using Broker Terminal, readers can confidently rely on accurate data and insights about the Dubai real estate market, enabling them to make informed decisions.

As Dubai's property market continues to mature, it offers lucrative prospects for both investors and buyers. Whether you're seeking a premium property in a prime location or an affordable apartment in a bustling neighborhood, Dubai's real estate market has something for everyone. The high demand for both budget-friendly and luxury properties is a testament to the market's growth and stability, solidifying its position as a trustworthy and profitable investment destination.

checkout the primary market trends in serviced/hotel apartments:https://brokerterminal.com/news/post/robust-growth-in-serviced-apartments-sector-as-it-attracts-investors-with-its-consistent-rental-income-potential