Hotels helping drive improving Dubai market

Hotels in Dubai, United Arab Emirates have consistently proven to be the most valuable assets to the city's real estate market because of the influx of tourism and high occupancy rate, based on a study by Jones La LaSalle.

"While the hotel sector has been the major beneficiary of the Arab Spring, the retail and residential property sectors have also received a boost over the past nine months," JLL said in a statement. "The regional upheaval has re-enforced Dubai's position as a global destination with many tourists rescheduling their holidays to the UAE due to volatility elsewhere in the region."

Another study by Ventures reveals the commercial and retail markets of Dubai and the rest of the Gulf are showing steady growth.

Chris Speller, a director for Cityscape, told GulfNews.com that he has a positive outlook on the future of Dubai's real estate market. He expects investors and developers to increase their residential and commercial real estate efforts.

Furthermore, there may be an even greater influx of investments for property development as real estate interest rates and equity market prices continue to fall, according to the news source.