Dubai
is undoubtedly one of the most popular travel destinations in the world. There
are over one thousand hotel establishments in the city, with over a hundred
thousand hotel rooms and hotel apartments. The government is looking forward to
attracting over twenty million visitors by 2020 and is also quite actively
working on unique real estate projects, such as Port De La
Mer apartments and Bluewaters
Residences by Meraas . Currently, several hospitality developments are
also underway to meet the rising demand.
According
to the Department of Tourism and Commerce Marketing (DTCM), the city has
already experienced a 5.1% year-on-year increase in visitors. Therefore, as an
investor, how can you take advantage of this situation and make money? You
should consider investing in hotel rooms and hotel apartments.
Advantages
of investing in the hotel room or hotel apartments
Initially,
this type of investment was only available to big investors due to the cost
that was involved. Nowadays, individuals can now own a hotel room(s) to tap
into the booming hospitality industry. Due to the rapid growth of the industry,
this type of investment can offer up to 10% annual returns on investment or
sometimes even more. This will guarantee a regular stream of income.
Apart
from investing in the hotel room or apartment, you can use it for your vacation
too. Also, you will have the freedom to sell the property at your convenience.
This is a lucrative investment that caters to a wide variety of needs.
A flexible investment option
Hotel
room or apartment might be a great investment choice for people who do not have
the time or resources to manage their property. The room(s) will be managed
like the rest of the hotel rooms by the hotel itself.
Choose
the best option
Since
there are various hotel companies offering this type of investment option in
Dubai, you should be very careful. It is advisable to buy a property only from
a reputable and reliable establishment such as Paramount hotels and resorts.
Also,
it is important to ensure that the property has facilities that cater for
future needs. Are the amenities convenient for your needs? Is the hotel placed
in an ideal location close to necessary amenities like banks, hospitals and
more? A hotel establishment that is located in a prime location usually has
higher occupancy rates.
A
development such as DAMAC
Towers by Paramount Hotel & Resorts is a great investment
opportunity for anyone looking to invest in Dubai.
DAMAC
Towers is a mixed development that comprises of hotel rooms and hotel
apartments that provide the comfort of home complimented with hotel room luxury
and service.
The
best part about DAMAC Towers by Paramount Hotels & Resorts is that the
hotel suites and apartments are currently being sold off plan. Take up this
chance and tap into the growing hotel industry. Fortunately, the payment plan
is also very flexible to accommodate different needs.
