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Mazaya Monthly Real Estate Report -
Week 2 - December 2015
In addition, Al Mazaya’s Report
has highlighted the increasing role
played by the low cost air transport
in raising the operating standard of
the hospitality sector, in the UAE. Low
cost hotels are adding value to the UAE
tourism sector as they attract different
segments of middle to higher middle-
income customers. This means that
the UAE has been able to capitalise
on tourists of different economic
levels and budgets. The primary
beneficiary of these trends will be the
country’s tourism industry, related
services and the real estate sector.
Al Mazaya’s Report highlights the
fact that economy hotels remain the
smart choice for the growth of tourism
in GCC countries. To increase the
attractiveness of the tourism sector
and its activities, there needs to be a
balance of offers at reasonable rates as
well as at the high level of luxury the
region’s hospitality sector has become
famous for. Consequently, GCC tourism
markets now compete to win advanced
rankingamongmajorworldwidetourism
destinations. Al Mazaya’s Report
added that the concept of economy
hotels is one of the best business and
investment opportunities in this sector.
Al Mazaya’s Report considers that the
UAE’s tourism, currently led by the Emirate
of Dubai, is being boosted in the medium
and low-income segments and that this
will lead to more promotional plans,
reduction of prices and the introduction
of medium cost real estate and service
products. As such, the UAE has become
able to attract all types of tourist,
resulting in the sector no longer being
restricted to certain seasonal behaviours.
Al Mazaya’s Report also states that the
opening of many “economy” hotels of
recognised global hospitality brands has
resulted in a healthy balance between
the luxury, medium and economy
hotel sectors. This will also encourage
business tourism and give the market
more flexibility and competitiveness.