Middle East -  Dubai

For a comprehensive review of the Middle East market, click below:
HVS In-Depth Middle East Hotel Valuation Index:   2021 | 2019 | 2016

Dubai has once again affirmed its dominance in the GCC hospitality market, with value per key rising 23.5% since 2019 to reach USD 331,000.

Notably, key performance indicators have improved despite substantial new hotel supply, reflecting the market’s exceptional demand absorption and sustained growth in tourist arrivals. This resilience is further highlighted by the strong correlation (0.95) observed between RevPAR and value per key.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: More than -10%