A total of 12.4 million tourists visited Dubai during the period, which is 22.5% more than the previous year and 3% more than in 2019 before the pandemic began. It is interesting to note that citizens of Western Europe made up 19% of the total number of tourists, residents of South Asia - 18%, and citizens of Russia and CIS countries - 13%.
Record growth in tourism in Dubai!
The most important indicator is the significant increase in the number of tourists from Russia, which amounted to 77% compared to 2022, reaching 806 thousand people. Since 2019, overall tourist arrivals to Dubai have increased by 86%, demonstrating the destination's continued appeal.
Other indicators:
It is also worth noting that the number of hotel rooms in Dubai has increased by 24% since 2019, and hotel occupancy has increased by 3%. The average occupancy rate for units in Dubai was an impressive 76%, one of the highest in the world.
Another interesting fact is that on average, tourists stayed in Dubai for 3-4 nights, and the average cost of accommodation was $128 per night. This suggests that Dubai attracts both short-term and long-term tourists, offering a variety of accommodation options.
The occupancy rate of hotels and inns in Dubai is an important indicator that allows us to assess the rental potential of real estate in this emirate. However, it is worth noting that in the short-term rental segment, residential real estate in Dubai represents serious competition to hotels.
If you are interested in investing in properties with high rental potential in Dubai, we are ready to help you find suitable projects. Contact us and we will be happy to provide you with information about the options available.
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