The Impact of Tourism on Dubai’s Real Estate Sector: Trends and Opportunities

The growth of the tourism industry in Dubai has been sublime, especially across the past few decades. Tourists from across the world perceive Dubai as a premium destination for their holiday. Brilliant infrastructure, pristine beaches, luxurious hotels, and luxury shopping work as a magnet for attracting tourists. Their transport links are excellent and tax policies are attractive.

The growth of the tourism industry has had positive effects on Dubai’s real estate sector. It is interesting to note that with each passing year, the number of foreign tourists visiting Dubai increases.

In Dubai, one comes across a few of the finest hotels from all across the world, including Burj Al Arab. The facilities available at these luxurious hotels are widespread and give visitors a chance to relax and unwind.

The shopping malls of Dubai are also awesome. They are among the largest and most awesome in the world. Visitors to these malls get a chance to shop for luxury brands and also make the best of the recreational facilities on offer.

For instance, Dubai Mall is one of the largest malls in the world. When at Dubai Mall, you’ll come across an aquarium, an ice rink, a cinema, and over 1,200 retail outlets.

Stunning beaches are another one of the most important driving factors in Dubai’s tourism. Dubai’s coastline spans 50 km and is dotted with brilliant beaches. Kite Beach and Jumeirah Beach are among the best. One could relax at these beaches or go for watersports.

Transport infrastructure in Dubai makes it easier for tourists to get around and they access more ways to do so. An important implementation of the same is Dubai’s modern metro system. Similarly, Dubai International Airport is one of the busiest in the world and 86 million passengers passed through it in 2019.

With the growth of Dubai’s tourism industry, the impacts on the real estate market have been direct. As the number of visitors grows, the demand for hotel rooms is also higher. This has brought success to the hotel industry. Correspondingly, real estate developers in Dubai create new hotels and span the ones existing. 

As per DTCM, there are 700 hotels in Dubai, providing 118,000 rooms. Similarly, for high-end tourists, a host of luxury hotels are also available in Dubai. They include The Palm, The Atlantis, and the Burj Al Arab.

The tourism industry in Dubai makes the city’s real estate sector more lucrative. Contact Mr. Rohit Pal to find premium recommendations for off-plan investments in Dubai in prime locations such as Dubai Marina, Jumeirah Beach Residence (JBR), Emirates Hills, and Business Bay.