Hotel development is booming in Dubai, and so are serviced apartments. These apartments are in the hotels and come with services such as Wi-Fi and housekeeping. Annual yields are surpassing those in traditional apartment buildings, so the apartments offer an attractive living option. "It’s a very good investment, simply because hotel occupancy and rates are very high at the moment," said Ronald Hinchey, United Arab Emirates director at the property management firm Cluttons.

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