3 / 14
3
Mazaya Monthly Real Estate Report -
Week 1 - December 2016
The report added that the hotel sector
gives an immense momentum to local and
foreign investments in the Gulf States.
Thus, this encourages GCC countries to
develop integrated real estate strategies
and feasibility studies to leverage their
economic sectors and performance,
thanks to the impressive successes
achieved by both the completed
and ongoing real estate projects.
The report noted that the hotel sector
is resilient and buoyant enough
to survive the current economic
pressures and challenges due to its
ability to create innovative products
that increase the sector’s overall
attractiveness and help push up
hotel occupancy rates all year round.
The promotional plans and activities
developed by the Gulf nations in their
major economic platforms, primarily
the hospitality, energy and health
sectors, play a major role in sustaining
the occupancy rates and strengthening
the
efficiency
of
the
sector.
In addition, the long-term developmental
strategies being devised by the
region’s countries all over the past
decades contribute greatly to boosting
competitiveness at the hotel sector,
especially because all the GCC States
have common objectives in this regard,
only varying in the way and mechanism
these strategies are being implemented
to attract capital, investments and
international interest in the hotel sector.
High Occupancy Rates
The report highlighted the marked
growth in the hotel sector in the UAE
in terms of the volume of projects
and investments. Recent statistics
underlined the UAE realty sector’s
ability to draw large volumes of
customers and foreign investments.
This isdue to the integratedpromotional
plans and activities organised all year
round that have had a strong impact on
maximising investments and revenues.