In Dubai, you can purchase a property from a wide range of options, including residential apartments, villas, townhouses, hotels, and serviced apartments. In addition to hotel rooms, serviced apartments remain consistently in high demand, since they offer ideal living conditions for expats and visitors alike. It is crucial, however, to be well-informed about the serviced-apartment industry in Dubai before buying or investing in one.

What are serviced apartments?

With serviced apartments, you get the benefits of both a residential apartment and a hotel room. They are spacious apartments with every luxury and amenity a hotel apartment should offer. They also have a layout identical to those of regular apartments, including separate kitchens and bedrooms.

In addition to being suitable for both long and short stays, serviced apartments have various features and amenities. Besides tourists and travelers, expats with busy work schedules are often attracted to serviced apartments due to exceptional hotel services and amenities available.
Why buy a serviced apartment? 

Investors can benefit from the growing need for accommodation, as well as the subsequent increase in market demand, which will ensure a steady, perpetual flow of rental income. In general, these apartments cost more than regular residential properties due to the better services they provide.

Renting a serviced apartment in Dubai 

When you rent a serviced apartment in Dubai, you’re basically renting an apartment within a hotel and this is a very popular practice in Dubai and the UAE. The rents for serviced apartments are usually higher than those for regular residential properties, so you can expect greater rental returns than you would with any other type of investment property, even though you won't pay a premium to buy a serviced apartment. Moreover, you could offer short-term or long-term rentals. If you want to know more about these types of rentals, read our blog here

Projects with serviced apartments in Dubai

These options, both for sale and rent, are being offered by more and more hotels, including:
1. SLS Tower, Downtown Dubai
 Render of a building called SLS Tower developed by WOW RED in Dubai.

2. RH Rove City Walk, City Walk / Al Wasl
Render of a building called RH Rove City Walk developed by Emaar in Dubai.Render of a building called Radisson Dubai DAMAC Hills developed by Damac Properties in Dubai.Render of a building called Damac Towers by Paramount Hotels & Resorts Dubai developed by Damac Properties in Dubai.

5. Viridis, DAMAC Hills 2 / Akoya Oxygen
Render of a building called Viridis developed by Damac Properties in Dubai.

6. Aykon City - Tower B, Business Bay
Render of a building called Aykon City - Tower B developed by Damac Properties in Dubai.

7. Suburbia, Jebel Ali
Render of a building called Suburbia developed by Damac Properties in Dubai.Render of a building called Anantara Residences developed by Seven Tides in Dubai.

To Sum Up

Serviced apartments can be beneficial for investors of all kinds. Investing in the right property can yield massive returns as long as you select it wisely. In addition, if you take mortgage financing, you can invest in properties whose values far exceed your capital and pay off these mortgages through the rental income that your serviced apartment generates.

Kredium can help if this sounds like something you'd be interested in. With a team of experienced mortgage and real estate professionals, a property portal of 5000 units of different types and a selection of mortgage options, we have everything you need. Get in touch with us or sign up to get started on buying a property today.

Make sure to check back here to get more information about other projects with serviced apartments in Dubai as this blog will be updated. Take a look at our blog section and get familiar with Dubai's real estate and mortgage market.
Photo credits:
  1. rawpixel.com | Freepik