ARLINGTON, Va. – Throughout Eid al-Fitr celebrations within the United Arab Emirates (UAE), Ajman was the one resort market to prime 95% occupancy, and Ras Al Khaimah was the one market the place common every day date (ADR) surpassed AED 1,000, in response to knowledge from CoStar. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
Occupancy ranges peaked throughout all UAE markets on Monday, 31 March, with the very best degree seen in Ajman (95.8%). The market’s ADR and income per accessible room (RevPAR) peaked on the identical evening at AED698.59 and AED669.23, respectively.
The UAE’S highest ADR and RevPAR ranges have been posted in Ras Al Khaimah, additionally on 31 March, at AED 1,184.36 and AED 1,100.43, respectively. That evening, the market’s occupancy climbed to 92.9%.
As anticipated, Eid holidays have been a hit throughout the UAE with demand for lodging rebounding after the month of Ramadan. The northern emirates of Ajman, Ras Al Khaimah and Fujairah continued to be extraordinarily in style as indicated by their excessive occupancy ranges. Kostas Nikolaidis, senior account supervisor for Center East and Africa at STR
Ramadan occurring earlier in the winter season has helped balance last year’s overperformance due to Catholic Easter coinciding with Ramadan, which drove additional demand. Consequently, Eid 2025 coincided with the UAE spring break school holidays which unlocked the opportunity for many families to make extended travel plans, both for staycations and also international travel.
The lowest occupancy during Eid al-Fitr was seen in Abu Dhabi (89.7%) and Sharjah (89.8%).
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About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a number one supplier of on-line actual property marketplaces, info, and analytics within the property markets. Based in 1987, CoStar Group conducts expansive, ongoing analysis to provide and preserve the biggest and most complete database of actual property info. CoStar is the worldwide chief in business actual property info, analytics, and information, enabling purchasers to research, interpret and acquire unmatched perception on property values, market situations and availabilities. Residences.com is the main on-line market for renters looking for nice condominium properties, offering property managers and homeowners a confirmed platform for advertising and marketing their properties. LoopNet is essentially the most closely trafficked on-line business actual property market with 13 million common month-to-month world distinctive guests. STR offers premium knowledge benchmarking, analytics, and market insights for the worldwide hospitality business. Ten-X affords a number one platform for conducting business actual property on-line auctions and negotiated bids. Properties.com is the quickest rising on-line residential market that connects brokers, consumers, and sellers. OnTheMarket is a number one residential property portal in the UK. BureauxLocaux is among the largest specialised property portals for purchasing and leasing business actual property in France. Enterprise Immo is France’s main business actual property information service. Thomas Each day is Germany’s largest on-line knowledge pool in the true property business. Belbex is the premier supply of business area accessible to let and on the market in Spain. CoStar Group’s web sites attracted over 163 million common month-to-month distinctive guests within the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains places of work all through the U.S., Europe, Canada, and Asia. Every now and then, we plan to make the most of our company web site, CoStarGroup.com, as a channel of distribution for materials firm info. For extra info, go to CoStarGroup.com.
This information launch contains “forward-looking statements” together with, with out limitation, statements relating to CoStar’s expectations or beliefs relating to the long run. These statements are based mostly upon present beliefs and are topic to many dangers and uncertainties that would trigger precise outcomes to vary materially from these statements. The next elements, amongst others, may trigger or contribute to such variations: the danger that future media occasions won’t maintain a rise in future occupancy charges. Extra details about potential elements that would trigger outcomes to vary materially from these anticipated within the forward-looking statements embody, however aren’t restricted to, these said in CoStar’s filings now and again with the Securities and Alternate Fee, together with in CoStar’s Annual Report on Type 10-Okay for the yr ended December 31, 2023 and Kinds 10-Q for the quarterly durations ended March 31, 2024, June 30, 2024, and September 30, 2023, every of which is filed with the SEC, together with within the “Danger Elements” part of these filings, in addition to CoStar’s different filings with the SEC accessible on the SEC’s web site (www.sec.gov). All forward-looking statements are based mostly on info accessible to CoStar on the date hereof, and CoStar assumes no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.
Karolina Capova
Media Relations Government – STR
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