Eight new hotels, serviced apartments planned for Dubai Investments Park

Eight new hotels and serviced apartments projects will be built over the next five years within Dubai Investments Park (DIP), amid demand in the run-up to Expo 2020.

The new hotels and serviced apartments, to be built by individual investors, will include a 303-room Premier Inn, 165-room Courtyard by Marriott and the 252-room Armada Hotel. With the new projects, the total number of hotel rooms within DIP will increase to approximately 2,000, as Dubai expects to attract as many as 25 million visitors during Expo 2020 - to be held between October 2020 and April 2021.

The emirate will require an additional 45,000 hotel rooms to match the rising demand by 2020, and an investment of nearly $7.1 billion is expected in new hotel projects.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.