{"id":20975,"date":"2016-07-26T22:44:34","date_gmt":"2016-07-26T15:44:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=20975"},"modified":"2016-07-26T21:09:09","modified_gmt":"2016-07-26T14:09:09","slug":"uae-hotel-completions-speed-up-ahead-of-expo-2020","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-hotel-completions-speed-up-ahead-of-expo-2020\/","title":{"rendered":"UAE hotel completions speed up ahead of Expo 2020"},"content":{"rendered":"


\nThe UAE hospitality sector can expect a stream of new rooms next year and in 2018, as hotel completions accelerate before the Expo 2020 in Dubai.About 183 projects are under way in the UAE and account for 54,000 rooms, according to Tophotelprojects, a research company in Germany.Of these, 56 hotels are expected to come into operation next year, with 58 more in 2018, the company said ahead of the three-day Hotel Show Dubai, which starts on September 17. Dubai and Abu Dhabi have the most projects under way, with 155 hotels accounting for 47,619 rooms. Sharjah has embarked on six projects, with 959 rooms, and Ras Al Khaimah has five projects with 1,847 rooms. Among the new hotels is Hard Rock Hotel Dubai Marina, which is set for a fourth-quarter opening with 288 rooms, according to the hotel. The Dubai private developer, Sheffield Holdings, is behind the project.Paramount Hotel Dubai in the four-tower Damac project will have 823 rooms when it opens in the third quarter of next year, according to the developer Damac. It will be part of the Paramount Tower Hotel and Residences project.The Landmark Group’s Citymax Hotel will open in Al Barsha with 120 rooms, while another one will be launched in Business Bay in Dubai with 375 rooms next year. A 204-room Citymax in Ras Al Khaimah is expected to open next year. In an attempt to ramp up its hospitality offerings, Dubai is encouraging the construction of more hotels, especially midmarket ones, through a municipality tax waiver that is granted if a construction permit is granted by December next year. At the end of May, Dubai had 673 hotels and hotel apartments, up from 665 at the end of May last year, according to the Dubai Department of Tourism and Commerce Marketing. The increased supply of rooms is also pushing down the daily room rate. The average during the first five months in Dubai was Dh560, down from Dh633 a year earlier. The emirate expects to have more than 100,000 rooms by the end of 2020, to accommodate an anticipated rush of tourists during the Expo. During the first five months of the year, it received 6.57 million international guests, up 4 per cent from the 6.32 million received a year earlier.ssahoo@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…UAE hotel completions speed up ahead of Expo 2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE hospitality sector can expect a stream of new rooms next year and in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-20975","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5sj","jetpack-related-posts":[{"id":4920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-a-rove-hotel-next-to-dubai-parks-and-resorts\/","url_meta":{"origin":20975,"position":0},"title":"Emaar to open a Rove hotel next to Dubai Parks and Resorts","date":"February 17, 2016","format":false,"excerpt":"\r \r Developer Emaar expects to open its first Rove hotel near the massive theme park under construction on the outskirts of Dubai. The 458-room, mid-market Rove At The Park will open adjacent to Dubai Parks and Resorts in Jebel Ali. The company did not announce an opening date. Rove\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20428,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/action-group-upgrades-dubai-healthcare-city-hotel\/","url_meta":{"origin":20975,"position":1},"title":"Action Group upgrades Dubai Healthcare City hotel","date":"July 21, 2016","format":false,"excerpt":"\r Kuwait-based Action Group has upgraded its latest Dubai hotel project to a four-star property on expected demand from medical tourists to the emirate.It plans to invest US$56 million in the Dubai Healthcare City site.The company's subsidiary, Action Hotels, will own the property, which will now be operated by AccorHotels'\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-35-new-hotels\/","url_meta":{"origin":20975,"position":2},"title":"Emaar to open 35 new hotels","date":"April 25, 2016","format":false,"excerpt":"\r Dubai's Emaar Hospitality Group expects to open 35 hotels and serviced residences within about five years as it expands at home and abroad. The new hotels will encompass its luxury Address Hotels and Resorts brand and the upscale Vida Hotels and Resorts as well as the midscale Rove Hotels.They\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-35-new-hotels-in-next-five-years\/","url_meta":{"origin":20975,"position":3},"title":"Emaar to open 35 new hotels in next five years","date":"April 25, 2016","format":false,"excerpt":"\r Dubai's Emaar Hospitality Group expects to open 35 hotels and serviced residences within about five years as it expands at home and abroad. The new hotels will encompass its luxury Address Hotels and Resorts brand and the upscale Vida Hotels and Resorts as well as the midscale Rove Hotels.They\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41867,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-deyaars-profit-falls-in-2016-in-face-of-challenging-market\/","url_meta":{"origin":20975,"position":4},"title":"Dubai developer Deyaar's profit falls in 2016 in face of 'challenging' market","date":"January 25, 2017","format":false,"excerpt":"\r Deyaar's profit fell by a quarter last year despite rising revenue as the Dubai property developer said it faced a \"challenging\" market.Net profit fell 25.7 per cent to Dh216 million from Dh291 million a year earlier, according to a filing.Deyaar said that company revenue for last year increased 66.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expo-2020-projects-set-to-provide-timely-relief-for-dubais-contractors\/","url_meta":{"origin":20975,"position":5},"title":"Expo 2020 projects set to provide timely relief for Dubai's contractors","date":"June 30, 2016","format":false,"excerpt":"\r The award of the Dubai Metro extension contract is expected to be followed by a flurry of Expo 2020 contracts, providing much-needed relief for battered builders.The award of the Dh10.6 billion order comes as other major projects related to the expo also move forward. Reem Al Hashimy, the Minister\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20975"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=20975"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=20975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=20975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=20975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}