In the region, the highest average rates for serviced apartments are to be found in Manama, Bahrain, due to the city’s limited supply and the nature of Bahrain as a weekend getaway destination for many GCC nationals.
The highest occupancy levels for serviced apartments are achieved in Abu Dhabi, followed by Riyadh, registering above 85% in 2015, predominantly due to the markets limited branded supply and the Kingdom of Saudi Arabia’s (KSA) growing economy. However Dubai’s serviced apartment market has witnessed a drop in overall performance, attributed to the decline in the Rouble and Euro in 2014 and 2015, as well as the influx of new serviced apartment supply in those year
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