The Middle East is witnessing a significant surge in hospitality and residential projects, with a total investment value of $1.9 trillion. Saudi Arabia, the UAE, and Egypt lead the way, collectively accounting for 90% of this investment as they strive to attract 160 million annual tourists by 2030. This rapid growth in the travel and tourism sector is generating new trends, such as simplified visa processes and green initiatives, while fostering investment opportunities in the region’s real estate market.
Despite global economic uncertainties like high inflation and rising interest rates, there’s strong demand for the hospitality asset class in the Middle East, particularly in Dubai and Ras Al Khaimah, thanks to robust operating performance and the UAE’s enhanced appeal as a top-tier international destination.