An influx of more than 28,000 hotel rooms will flood Dubai’s hotel mar- ket by 2018, a new report by Jones Lang LaSalle has revealed.
They will help accommodate the 20 million visitors Dubai’s Department of Tourism and Commerce Marketing (DTCM) is anticipating by 2020, as well as the additional 25 million visitors expected when the city hosts the World Expo the same year, said the report, published for The Hotel Show Dubai.
More than 3,000 new keys will flood the Dubai market in 2015 alone while over the next five years, developments such as Al Habtoor City, Bluewaters Island, and Dubai- land will drive a surge in inventory.
New mid-market properties will also make an impact, according to Wajeed Bagwan, general manager of the newly launched SUBA Ho- tel in Dubai, which he claims is the city’s “first four-star boutique ‘smart hotel’ with advanced technology facilities”.
“We launched in Dubai in 2014 and are planning to open three new SUBA Hotels in the Middle East and Africa by 2017,” he revealed.
Starwood Hotels and Resorts will launch its first W Hotel and St. Regis brands in Dubai by the end of 2015 (pictured). Alongside a new Westin, the three hotels will be located in the new Al Habtoor City complex, described by developer Al Habtoor Group as the “world’s biggest residen- tial and hospital development currently under construction”. Meanwhile, Dubai-based global luxury hotel company, the Jumeirah Group, will open two proper- ties in the city by 2017 including the Jumeirah Al Naseem at Madinat Jumeirah and its first hotel under its new lifestyle brand, Venu, located on Bluewaters Island – the offshore mixed-use development, which will boast the world’s largest Ferris Wheel. The Venu Bluewaters Island Hotel will offer around 300 rooms.
R Hotels, part of R Holding, has also started work on the second phase of its new US$ 136.2 million) property on the East Crescent of Palm Jumeirah. This will add 253 new rooms to Dubai’s inventory when it opens at the end of 2016 and represent the first four-star and Sharia-compliant hotel and resort on the island.
Dubai’s current pipeline of to- tal rooms under contract is 25,327 rooms according to STR Global data. There are 70,343 rooms already in op- eration across the emirate.