Much Interest in Dubai Serviced Apartment Purchases
17 Oct 2011
With Investors returning to the market in Dubai some overseas investors are looking to purchase serviced apartments to add to their portfolio.
The ease of owning a professional managed serviced apartment is very appealing at the moment and no more so than investors from Russia and Nigeria who seem to be eagerly buying serviced apartments.
Many developers consider Nigeria as a target audience for this type of Apartment allowing the purchaser to obtain a established income yield from a short term let apartment which being sold at a nightly rate brings in significantly more revenue than long term leases, with Dubai hotels regularly running at 95% plus occupancy levels planned tourism and business growth will see any new influx of additional capacity hitting the market easily absorbed.
The favoured located are the business districts and Dubai marina both attracting very different audiences.
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