Real estate investment is considered as one of the safest ways to preserve one’s money and get some additional income. A lot of investors choose realty in resort areas such as hotels and serviced apartments since tourist traffic ensures high occupancy rates. Dubai which receives more than 13 million visitors annually is highly popular among international investors. One of the most attractive hotel properties for investment is Grand Central Hotel Apartments located in Tecom district of the city.
In order to understand the advantages of investing in serviced apartments, you need to realize what it is. One of the most important features of such real estate valued by customers is that serviced apartments are considerably cheaper than hotel rooms of the same level. Serviced apartments usually offer fewer services which allows to cut the price. In other words, a tourist can rent an apartment here for a longer period. Another advantage is that you can have more privacy since you are not disturbed by daily services. Additionally, such apartments are equipped with kitchens which means you can save money cooking by yourself instead of going to expensive restaurants. All these features make Grand Central Hotel Apartments a good investment object since a lot of visitors prefer a longer stay for the same money.
At the same time, the real estate is an example of iconic high-quality building offering its residents 24 hour reception, room service, concierge and security services, a luxury swimming pool, a gym and a sun deck. The apartments here are notable for their quality and comfort.
Because of these features, serviced apartments are very popular among the tourists who prefer a longer and cheaper stay. It is mostly the businessmen who come to Dubai for a meeting, negotiations, or study. That is why such visitors find it highly important that the hotel they stay in is located close to Dubai’s business center.
This area was established for the free zones of Dubai Internet City, Dubai Media City and Knowledge Village. The area is home for more than 20 000 people who work in world’s most influential companies situated here. For this reason, many travelers find Grand Central Hotel Apartments to be a good place to stay.
In addition, the building is located within a short stroll from Dubai metro’s Tecom station from which a potential tourist can get to any area of the city.
Grand Central Hotel Apartments can become a good source of income if you invest in one of its suits. Being a popular tourism destination, Dubai receives lots of visitors every year which affects the occupancy level of the local hotel property. High demand for this type of property among the tourists who visit Dubai for leisure or business guarantees a stable income for the investor. The hotel property market of Dubai offers high potential investment opportunities both for local and international investors.