Gone are the days when stays and trips to Dubai could only be afforded by the upper classes. Don’t believe it? Well, check out the statistics for the Dubai visits from the people of China and India for yourself.
Dubai has witnessed an influx of visitors from the tier 2 and tier 3 cities of China and India. The first half of 2018 has already witnessed a nine and three percent increase in the number of visitors from China and India respectively, as compared to the figures from last year.
As these increased numbers comprise more of visitors from the middle class and millennial Chinese and Indians, the fact is that the demand for more affordable hotels has significantly surged. The budgets of these individuals are not as high as the ones coming from the ‘tier 1’ cities of their respective countries, and that’s why they are unable to afford luxury hotels.
There are several reasons for this growth in the number of visitors, most prominent of which involve the role of Dubai’s Department of Tourism and Commerce Marketing. From Visa on arrival for Chinese nationals to increase in air capacity by budget carriers from China and India to landmark partnerships to strategic tie-ups to marketing activities—the fact of the matter is that the authorities have played their cards in the best possible manner.
This figure is expected to continuously go up in the near future as well. It is predicted that by the year 2021, the average percentage of Indian visitors in UAE will be 10.8 percent, as compared to 9.8 percent in 2016.
This means that the current scenario in Dubai’s tourism industry presents opportunities for individuals willing to invest in affordable hotels and living facilities for the tourists. Let’s be honest: Dubai has its fair share of luxury hotels.
Ultimately, what this means for the real estate market of Dubai is that there will be a surge in the prices of off-plan properties, in particular, owing to how investors will be rushing to buy them and build affordable hotels to cater to the growing demand of middle-class tourists. After all, who wouldn’t wish to benefit from the boom in Dubai’s tourism industry!