It is estimated sixty thousand condo hotels are being developed for property sale in the next 1.5 years.
What are condo hotels?
Condo-hotel's are like traditional hotels, though, each hotel room unit may belong to an individual real state property owner, whereas in traditional hotels, there usually just one owner of the entire hotel. Condo hotels world class luxurious international properties in popular vacation destinations, such as near beaches, golf courses, casinos and theme parks. It offers a wide range of amenities from resort-style pools to full-service spas, fine-dining restaurants and concierge services. Such hot properties overseas are operated by prestigious and professional hospitality companies like Hilton, Star wood, Trump International, Four Seasons, Hyatt, Ritz-Carlton and Sonesta. Because the hotel is typically managed by such great companies, owners can feel confident that their holiday home is being well cared for and is being well marketed to potential guests.
Condo hotels can be seen as an international property investments which, like other types of real estate investment, can increase in value over time, especially if the investments property has a good location, is well managed and offers a full array of amenities and services.
Advantages of Condo Hotels
Hotel builders are finding it somewhat difficult to get finance for the hotel projects and development projects are increasing. In such situations, it makes perfect sense for hotel builders to sell property (condo units of their hotels) to individual person rather then fund the whole hotel with their own money or loans. For Condo unit international property owners, it gives them a chance to purchase property for their personnel residence in such a luxurious five star hotel with an option to earn money through buying property and utilize it as a rental. A condo hotel is more than real estate investment; it's a lifestyle property purchase, a long-term investment property and a trend that is just beginning to identify its demand.
Broad acceptance of condo hotels makes it the property overseas home market. Dubai condo hotels are truly architectural masterpieces with excellent luxuries and services. If you are planning for a short trip to Dubai and its more of official visiting then you can make booking in three star Dubai hotel, four star Dubai hotel, five star Dubai hotel or Burj Al-Arab the only seven star hotel, depending upon your wallet size. Dubai condo hotels are fully furnished with all the contemporary furnishing and carry a touch of Arabian nights. You can also find there cheap Dubai hotels that offer comfortable yet affordable accommodation.
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