Sales activity strengthened in the third quarter, with more than 6,400 residential transactions recorded across apartments, villas and townhouses, led by off-plan deals
Occupancy rose across all segments, with upscale hotels recording the highest increase at 5.5 per cent
According to a report by leading real estate advisory group, Cavendish Maxwell, in 2024, the emirate added 4,255 rooms across 19 new hotels, marking a 2.9 per cent increase in its hospitality sector
The growth is set to continue, with 40 more hotels expected to open by the end of 2024, as well as 4,748 more rooms between 2026 and 2027