UAE Business: Ascott on expansion spree; aims at 10,000 units in region by 2025 – Gulf Digital News

UAE Business: Ascott on expansion spree; aims at 10,000 units in region by 2025 – Gulf Digital News

The Ascott Limited (Ascott), CapitaLand Investment’s wholly-owned subsidiary, continues its tenacious Middle East and African expansion plans, building on its recent growth spree, opening five new properties in five different countries within the span of one month.

Currently, with a total of 4,500 units across 33 operational and pre-opening properties in the Middle East, Africa, Turkey, and Central Asia, Ascott is on track to achieve its regional target of adding extra 5,500 units in the MEAT region, to reach a total of 10,000 units by 2025.

Building on its global footprint, the world’s leading serviced apartment brand, launched its recent properties under its iconic Citadines and Somerset brands. Redefining the apart’hotel concept, the Citadines brand delivers a fresh, functional and fulfilling lifestyle with a hotel stay that offers flexibility and practicality of a serviced residence with a blend of locally-influenced experiences.

Oman welcomed its first Citadines property with the launch of the stylish Citadines Al Ghubrah Muscat in the country’s capital.

Parallelly, Ascott’s acclaimed Somerset brand offers travellers and expats global living spaces that allow them to integrate both their professional and personal life, within a thriving community. Recent openings include the stylish 16-storey property, Somerset Downtown Al Khobar, marking the group's 7th operational