3.14 million international tourists visited Dubai

Palm Jumeirah villa is top Dubai seller.

A record number of 3.14 million international tourists visited Dubai in the first two months of the year, up 90,000 on the figure of 3.05 million from 2018.
According to data from the Dubai Department of Tourism & Commerce Marketing, the number marked a continuation of a trend that saw 3.01 million visits in January and February in 2017 and 2.68 million in 2016, respectively.
Guests continue to flock to attractions such as the Palm Jumeirah and BurjKhalifa, while a host of new hotels have joined the market in recent months.
Western Europe topped the source of foreign visitors at 22 per cent of the total, with the GCC next at 18 per cent and south-east Asia at 17 per cent.
Of individual countries, India was the primary source of guests at 386,000, a drop of nine per cent over the same period last year, while the number of visitors from the UK rose four per cent, those from Germany increased 11 per cent and from the US the number was up four per cent.
The average occupancy rate for hotel establishments in the period came in at 84 per cent, compared with 87 per cent last year.
Revenue per available room was Dh432 in the January to February period, down from Dh501 last year, while the average daily room rate was Dh513 compared to Dh574 in 2018.
However, 9,000 square foot villa on the Palm Jumeirah was the most expensive unit sold in Dubai in the first-quarter of 2019, according to new research.
High-end property brokerage firm Luxhabitat revealed that the exclusive property went for Dh51 million (£11 million).
The second costliest villa, also at around 9,000 square feet, was sold for Dh50 million in Umm Suqeim.
Global real estate consultancy CBRE said in its latest report that average prime property price in Dubai is $548,338, more economical than Hong Kong, London, New York, Singapore, Paris and Sydney among major cities.
The prime residential market in quarter one of 2019 totalled Dh10.6 billion, according to Luxhabitat, which is approximately 44 per cent higher than the previous quarter.
The analysis defines the prime residential market as a residential market composed of properties that lie on the high-end spectrum of the Dubai residential market.

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