Hotel Projects: 145 new hotel properties in the emirate with 44.7 thousand rooms

Dubai leads the Gulf in the number of hotel projects under construction

Dubai acquires more than 70% of hotel projects in the UAE market.

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The "Top Hotel Projects" organization, which specializes in hotel project data, revealed that Dubai ranked first in the markets of the Gulf Cooperation Council countries in terms of the number of hotel projects under construction and expected to open in the coming years. It registered 145 new hotel properties with a total of 44 thousand. And 763 rooms.

The Foundation indicated that Dubai has acquired more than 30% of the total new projects throughout the region, pointing out that the UAE, in turn, topped the countries of the region, with a total of 203 projects with a capacity of 60.4 thousand rooms.

Projects under construction

In detail, "Top Hotel Projects", which specializes in hotel project data, stated that the number of hotel projects under construction in the countries of the Cooperation Council for the Arab Gulf states has reached 473 projects with 158 thousand hotel rooms, indicating that the UAE is at the forefront of the region’s markets in the number of projects. .

The company stated that its latest data showed the existence of 203 new hotel projects in the UAE market, which include a total of 60 thousand and 419 hotel rooms, noting that it is expected that 155 projects will be opened in the Gulf countries in total this year, with more than 44 thousand rooms all over. The region, bringing the number of projects expected to open in the following year (2022) to 149 projects with about 53,000 rooms currently under construction.

calm

The Foundation expects that the year 2023 will be quieter in terms of the number of new projects, as it is expected that 57 hotels will open, with a total of 21,697 rooms, indicating that an additional 112 hotels with 39,428 rooms have been scheduled to open in 2024 and beyond.

She pointed out that there is a balance between four and five-star properties in the proportion of almost half across the region, explaining that Saudi Arabia ranks second after the UAE in terms of new properties under development, as 161 hotels are scheduled to open in Saudi Arabia soon, but due to the sheer size. For some of its projects, the total number of rooms in the Kingdom reaches 72,243 rooms.

Dubai is at the forefront

"Top Hotel Projects" revealed that Dubai is at the forefront in terms of hotel markets in the Gulf Cooperation Council states, pointing out that the number of new hotel projects that are still in the construction stage amounts to 145 new properties in the emirate that include a total of 44,763 hotel rooms, adding that Dubai acquires more than 70% of hotel projects in the UAE market.

According to the company’s data, Dubai alone has acquired more than 30% of the total number of projects under construction that are expected to open in the coming years, and about 28% in terms of the number of hotel rooms within these facilities.

Signs

The Foundation "Top Hotel Projects" stated that it is expected to open the "Millennium" brand 13 facilities with 4444 rooms in the Gulf Cooperation Council countries, compared to 12 projects for the "Double Tree by Hilton" brand with a capacity of 2557 rooms. It is also expected to open hotels and resorts. Holiday Inn »11 projects with a capacity of 5,989 rooms within its plans across the region.

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