According to a report by JLL consultants, 621 rooms opened in the first quarter of this year, meaning another 9,400 still have to be made available by December 31.
Another really interesting recent stat is that on March 31 there were a total of 82,760 rooms across Dubai, according to research group STR.
But the supply of new rooms has surpassed demand and a 1 percent drop in occupancy from 2015 to 2016 has resulted in the average price for a room dropping from Dhs859 to Dhs811. Great news for ‘staycationers’ and tourists!
The UAE government has also shown keen interest in getting greater numbers of middle-class Chinese and African tourists over to the Emirates with more budget-friendly holiday packages, the Financial Times wrote on Wednesday.
Even if you and your circle don’t fall into this category but you are after a cheaper holiday deal for friends and family visiting Dubai, this is definitely news worth cheering for.