Dubai is aiming to attract 25 million visitors a year by 2025. Multiple hospitality developments are in the pipeline to meet demand. Take advantage and make a smart investment which earns high average yields.
Average yields are higher for a hotel room investment. This can vary from 12% per annum for a hotel investment compared to 5% per annum for a traditional buy-to-let in mortgage.
What should you keep in mind while choosing one?
- Location: This is an important element to consider as the hotel itself has to attract visitors – and this will depend on the kind of amenities it has, attractions in its vicinity as well as the convenience of transportation
- Features: This starts from staff who genuinely offers warm service, honest local information, a strong marketing team, a killer breakfast, Conference facilities, co-working spaces, and overall a hotel which is always looking to add value to the guest’s experience
- Investors can avail higher ROI by investing in projects that are located closer to facilities like conference halls