UAE hotel pipeline swells to 48,000 rooms by 2030

UAE hotel pipeline swells to 48,000 rooms by 2030

$32 billion investment to lift the nation's room inventory to 200,000 with Dubai contributing 76% of new keys

Published: Tue 27 Sep 2022, 10:39 AM Last updated: Tue 27 Sep 2022, 11:38 AM

The UAE's hospitality sector will continue to gain momentum and add another 48,000 keys by 2030 due to strong influx of tourists, latest data shows.

Global property consultancy Knight Frank said that in the UAE's hospitality sector the delivery of the planned hotel room supply is forecast to cost approximately $32 billion.

“The UAE’s world-leading hospitality market is set to expand by 25 per cent by 2030, with a further 48,000 rooms adding to the nation’s extensive 200,000 key portfolio," Faisal Durrani, partner and head of Middle East Research, Knight Frank, said.

Perhaps unsurprisingly, he said Dubai is set to account for the lion’s share of this total, with 76 per cent of all new rooms coming to the emirate, which already boasts over 130,000 rooms. This stockpile of hotel rooms is already higher than cities like London or New York.

“The emirate has cemented its status as a city with universal appeal, in large part to the world-leading government response to the pandemic and some of the world’s most visited and incredible