Why are serviced apartments better than hotels and why should you invest in one? Quite simply, visitors are starting to see all the benefits that they stand to get from buying a serviced apartment compared to booking a regular hotel room. But let us discuss those benefits in detail.
● It is cheaper than a regular hotel room, yet the services you get are the same. If you are visiting Dubai for a month or two because of business or just visiting a relative and you stay at a luxury hotel, you will be paying an insane amount of money. On the other hand, getting a luxurious serviced apartment would not cost you as much. There are usually different rates for long-term guests, making the occupancy rates higher than those of regular hotels. So, if you were a visitor in Dubai, you would certainly opt for the latter. As an investor, this is great news for you.
● Guests like to feel that they are at home even when they are away from home. Serviced apartments are much more comfortable and homey. It is set up just like an apartment so guests do not feel like they are caged inside the four walls of a room.
● Investing in a hospitality business is always a good thing as this city never runs out of visitors. Serviced apartments, especially, are in demand and it would be to your disadvantage if you do not choose to invest early.
● Major luxury hotels such as Hyatt and Marriott are opening up luxury serviced apartments and it only goes to show how lucrative this kind of investment will be for you.
● This is not just another trend. It is here to stay for good.
About the author: Oliver Finney is an enthusiast of the real estate industry who loves to continuously learn and share knowledge as well about the vast and comprehensive world of the real estate business, off and online. He has first realized his passion for real estate at the age of 18 after attending an auction. Since then, he has continued to be an avid real estate enthusiast and has recently made the final step to earning his real estate license. He visits sites like damacproperties