Currently 87 new top hotels with 27,000 rooms are in the pipeline
Dubai, UAE – 29 March 2015 – 428 hotels with 64,800 rooms already exist in Dubai – now the hotel capacity should be doubled until to the World Expo 2020. Currently there are 87 new top hotels with more than 27,000 rooms in the pipeline, as TOPHOTELPROJECTS, the worldwide leading provider of global b2b hotel data, announced. Also an expansion in the hotel apartments segment (currently 208 facilities with 23,800 units) is pending. At the World Expo (20 October 2020 to 10 April 2021) 25 million visitors are expected, of which 70 percent will come from abroad.
Without taking the exhibition into account, Dubai is expecting an increase of visitors up to 20 million per year until 2020. The Expo will increase the influx and provide additional investment. Since the groundbreaking ceremony at the Burj Al Arab Hotel, the desert emirate has become a big player on the international tourism market and lots of further attractions will be added: the tallest tower in the world, the Dubai Mall featuring an aquarium over three floors, an indoor ski slope in the desert, the annual shopping festival, numerous fairs such as the Expo – and the list will be continued.
In the first half of 2014 the hotels and hotel apartments housed over 5.8 million visitors. In 2013 11 million visitors were counted. The political crises in the Middle East/North Africa (MENA) region have favored Dubai as an alternative tourist destination in recent years. Currently, less guests arriving from the oil-exporting countries and Russia, therefore the second half of 2014 might have been worse.
Top 10 of the largest hotel constructions in Dubai
Oyster Resort – 1,748 rooms – project is delayed
Bespoke Hote l – 1,400 – opening: spring 2018
Paramount Hotels – 1,250 – early 2018
The Royal Atlantis – 1,050 – spring 2017
The Address Residence Sky View – 712 – early 2016
Tryp by Wyndham – 672 – early 2017
Sky Central Hotel – 672 – autumn 2016
Wyndham Marina – 497 – early 2016
Rotana Al Barsah – 528 – early 2018
Lapita Hotel – 503 – late summer 2016
Hosting the Expo 2020 in Dubai has brightened considerably the investment climate. According to official estimates Dubai’s government will implement projects worth eight to nine billion US dollars. The final master plan for the 4.38 square kilometers of exhibition grounds will be completed this year and presented the Bureau International des Expositions (BIE) for approval.
In 2015, among others, the tender for the 1.3 billion-US-dollar extension of the Metro Red Line until the Expo is expected. The tender for the infrastructure of the exhibition grounds (estimated at 500 million us dollars) should also take place in 2015. Further major projects are planned in the surroundings of the Expo site (Expo Village, Vertex Five Towers, Legacy Park, etc.).
The Expo site and the adjacent new airport (Dubai World Central / DWC) will be part of an urban development zone with residential areas, amusement parks, hotels, shopping centers and service providers (logistics, etc.) and industrial plants. A wave of project announcements is expected. For example, the state-controlled property developer Emaar Properties has unveiled a project, which provides, among others, the construction of a residential community with affiliated golf club, several hotels, a “high-end” shopping mall, leisure facilities and a business center for the promotion of young entrepreneurs.