Serviced Apartments As Ideal Investment Opportunities In Dubai
In Dubai, developers and high net worth individuals are putting their money on serviced apartments instead of residential and commercial real estate that has low demand. Better yields and a steady income are generated by serviced apartments not to mention that the investors can use the residence for their personal use each year.
The tourism goal of Dubai is to attract million tourists by 2020. The serviced apartments will be a good option for holidaymakers who favour an extended stay in a fully furnished residence. The top sources for expected visitors to Dubai include GCC that travel in big groups for longer periods. In line with Dubai’s tourism goals, there are a number of high profile projects from brands like The Address, Vida, Viceroy by SKAI, Jumeirah Living by Select Group, Alef Residences serviced by W hotels and the Kempinski Residences Business Bay.
The freehold serviced apartment segment in Dubai is growing at a steady pace with more and more developers adopting the concept. With so many players, the segment has become common in prime residential areas. Besides the steady influx of tourists and business travellers, Dubai has a large transient population that prefers fully furnished apartments without committing to a long term lease contract. Long term tenancy in an expensive hotel is never an option for the expat population.
Serviced apartment provide an ideal place for expats who have recently arrived to Dubai. They have a place to stay while they are completing administrative formalities like working visas. In addition, there is a convenience factor or furnishings, housekeeping, room service and amenities like Wi-Fi, TV, and utility costs.
For investors, serviced apartments bring in good returns because of the high demand from tourism and leisure. They are preferred by families who travel together and want to live in a real home and not a hotel room.
In Thailand, long stay residence in Bangkok is available for tourists and business travellers who prefer a luxury residence with the services of a 5-star hotel. The stay in Bangkok can be comfortable, memorable and safe with the various features offered by a serviced apartment.