Research

The UAE Real Estate Market – Q1 2023

Dubai welcomed over 1.47 million tourists in January, setting a positive pace of growth for the hospitality industry in 2023

April 18, 2023
Contributors:
  • Faraz Ahmed
  • Muhammad Aijaz
  • Sara Alameddine

Fueled by a steady influx of tourists from three top source markets, namely, India, Russia, and Oman, the UAE’s hospitality sector witnessed a strong growth trajectory in the first quarter of 2023.

Dubai welcomed around 3.1 million tourists in the first two months of 2023, representing a 42% increase as compared to the same period last year. The rise in inbound tourism also benefited the lower and mid-tier hospitality segments, which saw gains between 7-8 basis points (bps) in occupancy and RevPAR (revenue per available room) of 15%for the first two months of the year.

Read our latest UAE Real Estate Market report to find out more.

Fill out this form to download report

There was an error submitting the form. Please try again. 

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.