With the recent wave of boost experienced by the hotels industry in Abu Dhabi real estate, some effects of the betterment can also be evidently seen on hotels in Dubai real estate. Dubai property market may be struggling for the while but several high end areas including the hospitality industry has shown some healthy signs.
London, United Kingdom -- (SBWIRE) -- 04/26/2012 -- Dubai real estate has shown evident signs of recovery over the course of years. The disparity in the recovery process has also been palpable where the value of houses, villas, apartments and shops in Dubai and some of its posh areas like Dubai Marina and Palm Jumeriah have been able to sustain their high prices. For the hospitality industry however, it has been a struggle but according to the experts at Bayut, this is no longer the case. Dubai property along with its hospitality industry is slowly but surely recovering from the recession which pretty much seems like a thing of the past now.
Dubai real estate has gotten the much needed help and boost from the most unlikely source – the recent unrest in the neighboring Arab countries. This unlikely cause for the value of rent in Dubai to rise for hotel rooms as well as the commercial market has helped the local hospitality industry to start performing well again. While on one hand, it has given the much needed boost to the prices of short stay apartments and hotel rentals, it has also brought more business for Dubai shops.
While Dubai presents a number of spectacular hotels for tourists and visitors, many of these hotels are way beyond the reach of commoners but despite that the occupancy rate is on the rise. For Burj Khalifa occupancy rate has gone up from 73 % to 93 %. According the experts at Bayut the recent wave of unfortunate events in the Middle East has been a blessing in disguise for the hospitality industry in the UAE.
The boasts thousands of property listings in the UAE. With a panel of experts who have in depth knowledge of the market and keep a keen eye on the happenings of the market, the site also offers an interacting platform for all of its members which they can use to seek advice. Though the sheer scale of Dubai real estate makes it hard to keep a track of developments but Bayut does it and make it look like a lady’s job.
For more information, please visit: http://www.bayut.com
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