Dubai Holding Asset Management's residential leasing portfolio is witnessing new demand for professional housing and worker accommodation from clients in the education, hospitality, airline and restaurant sectors in 2022.
Dubai Holding Asset Management provides a range of strategically located housing for over 100,000 people.
Its portfolio of 15 assets addresses all aspects of Dubai's accommodation landscape, including ideal solutions for corporate clients seeking a cohesive living environment for their professional staff.
Real estate is one of the key sectors reflecting Dubai's dynamic economy. While there is a healthy demand in the market, the growing demand for high quality, accessible corporate housing is indicative of healthy economic activity in several sectors, including education and hospitality.
Over the past 12-24 months, Dubai Holding Asset Management has absorbed new major corporate clients from the education, hospitality, airline and restaurant sectors.
The tourism, hospitality and airline sectors are experiencing tremendous growth, driven by the FIFA World Cup and the development of length and extendibility of travel visas.
Tourism levels in 2022 are returning to pre-pandemic levels and the UAE leadership recently launched a national strategy to attract 40 million hotel guests by 2031.
Even the number of hotel establishments in Dubai is on the rise, from 726 in September 2021 to 784 in September 2022.
A similar trend is seen in the education sector.
KHDA recorded the highest private school enrolment of over 300,000 in April this year, reflecting Dubai's growing appeal as a lifestyle, business and investment destination. The number of private schools in the city has increased to 216.
High quality housing is a key driver in attracting new professionals to move to the city. Companies are looking for communities that reflect value for money, safety and convenience.
The Dubai 2040 Urban Master Plan sets the standard for the quality of life our communities offer, whether it's green spaces, sports facilities or quality architecture.
Corporate clients can choose from our vast portfolio of communities that fit their needs, and we provide a seamless digital dashboard so any resident requirements can be easily addressed by the company and community manager. Convenience for all stakeholders is key.
Our goal, ultimately, is to enhance Dubai's position as one of the world's most vibrant cities to live, work and play in.
Dubai Holding Asset Management's residential portfolio is poised for a strong 2022 performance, reflecting the trends of the emirate's booming real estate market. The new additions were accompanied by a high renewal rate for the corporate account.
In addition to high-quality architecture, Dubai Holding Asset Management emphasizes the community living experience with strategic neighborhoods near key roadways and transportation networks, while many neighborhoods include carefully curated retail and entertainment offerings and landscaped areas. This includes tennis courts, soccer fields, running tracks, swimming pools and other community-specific sports facilities.
In communities such as Al Quoz and Nuzul, the organization also hosts a range of health and fitness activities for residents in order to meet the demand for quality worker accommodations.
These included an Eid event and cricket tournament in strategic partnership with Dubai Police and Dubai Sports Council, attended by approximately 1,500 residents, as well as foosball, singing and entertainment experiences to promote residents' well-being, with a total of nearly 7,000 participants.
