STR: Preliminary July data for Dubai hotels
STR's preliminary July 2018 data for Dubai, United Arab Emirates, indicates performance consistent with strong growth in both supply and demand. Based on daily data from July, Dubai reported the following in year-over-year comparisons:
LONDON -- STR's preliminary July 2018 data for Dubai, United Arab Emirates, indicates performance consistent with strong growth in both supply and demand.
Based on daily data from July, Dubai reported the following in year-over-year comparisons:
- Supply: +6.3%
- Demand: +7.2%
- Occupancy: +0.9% to 66.0%
- Average daily rate (ADR): -9.7% to AED423.63
- Revenue per available room (RevPAR): -8.8% to AED279.81
Although growth in demand (room nights sold) was significant, performance levels remained low due to pressure from increased supply. The absolute ADR level would be the lowest for any month in the market since August 2004.
STR will release full July results later this month. The August edition of STR's Market Forecast will be available later this month for Dubai and a host of other markets across the globe.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
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