Dubai Marina will witness new hotels soon as premium hotel plots are up for saleDubai Restaurants
According to a news source, residents of Dubai Marina will see an array of new hotels there as four commercial plots for hotels are up for sale and owners of two four star hotels are looking for new buyers.
It is something to cherish about as Dubai Marina property sector is considered as one of the top performing sectors in Dubai, prior recession, during recession and now when Dubai real estate is on path of recovery. Dubai is popular all around the world as the most visited tourist destination in the world and has a largest selection of the best hotels in region as compared to neighbouring states.
To meet the growing needs of international and local tourists, developers and hotel operators used to launch new hotels with the passage of time. There are several commercial plots being offered to the new investors and hoteliers seeking an avenue to make an entry into hospitality market. Plots are available between the range of AED 120m and AED 142m. To advertise their commercial hotels space and hotels, owners have turned towards online Dubai property marketing portals. It is because there are less number of investors, who actually know that how to enter into this market and to get better deals from international investors.
Everyone knows that Dubai hotels performed very well not just in last year but during recession as well. Therefore, the addition of new hotels in Marina Dubai must be welcomed but not every real estate expert is seeing this news optimistically. They have their own view points. According to experts, more than 13,300 hotel rooms are in Dubai’s construction pipeline that are more than what are needed currently.
It is not a healthy trend as in near future we will see an array of hotels being offered for sale as owners prefer to quit rather than competing with the existing or newer hotels. People bought properties during recession at low prices and now when market is getting on the path of recovery and prices reach at optimum profit making level, they want to sell them and make money and invest in a new asset with the cash generated.
Written by hotelsdubai