Serviced apartment updates for the Middle East 2016

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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