Dubai's top-tier hotels, shopping centers, restaurants, beaches, and entertainment events draw in millions of tourists each year. This significant demand for property rentals presents potential lucrative opportunities for investors.
A
report by the Department of Economy and Tourism of Dubai reveals that from January to October 2022, Dubai welcomed 11.4 million tourists, doubling the figure from the same
period in 2021.
With an annual influx of 15.3 million tourists compared to its 2.7 million local residents, Dubai demonstrates a notable difference of 459%.
The research places Dubai third in terms of tourist-to-resident ratio, outpaced only by Paris and Kuala Lumpur.
By 2031, we anticipate the tourist flow to the UAE to double, reaching 40 million people annually. The projected contribution to the country's economy from this sector is 450 billion dirhams.