If cash talks, buyers are saying they aren’t that keen on inns as a lot anymore. Are you able to blame them?
As Dubai cruises previous the 800 lodge mark, it appears branded residencesare the subsequent large alternative for operators in Dubai.
The numbers within the phase are spectacular. A Baccarat-branded penthouse in Downtown went for US$55m in April 2023, with the client wooed by renders alone. The mission continues to be three years away from completion.
In Could, lodge group Jumeirah snatched headlines for the sale of a US$114 penthouse on the upcoming Jumeirah Marsa Al Arab lodge.
Over on the Marriott-operated Bulgari, its residences are so widespread, {that a} second, fully residental skyscraper is being constructed subsequent door.
