The Address Dubai is a luxurious hotel located in the heart of Dubai. It is known for its stunning architecture, impeccable service, and world-class facilities.
However, many people wonder who actually owns this prestigious property. Let’s delve into the ownership of The Address Dubai and unravel the mystery.
The Address Hotels & Resorts
The Address Dubai is a part of The Address Hotels & Resorts chain, which is owned by Emaar Hospitality Group. Emaar Hospitality Group is a subsidiary of Emaar Properties, one of the largest real estate development companies in the world.
Emaar Properties:
Emaar Properties was founded in 1997 and has since become synonymous with iconic developments that shape skylines and create vibrant communities. With a presence in over 36 markets across the globe, Emaar Properties has delivered exceptional projects that have redefined city living.
Ownership Structure
Emaar Properties:
Emaar Properties owns The Address Dubai through its subsidiary, Emaar Hospitality Group. This group specializes in creating exceptional hospitality experiences through their various hotel brands, including The Address Hotels & Resorts.
Investors:
Aside from being owned by Emaar Properties, The Address Dubai also has individual investors who have purchased rooms or suites within the hotel. These investors are essentially owners of these specific units and can enjoy the benefits of owning a luxury property while also receiving rental income when they are not using their unit.
Management Agreement:
In addition to individual investors, The Address Dubai operates under a management agreement with Emaar Hospitality Group. This means that while individual investors own specific units within the hotel, Emaar Hospitality Group manages the overall operations and ensures the hotel’s high standards are maintained.
Conclusion
In summary, The Address Dubai is owned by Emaar Properties through its subsidiary, Emaar Hospitality Group. The hotel also has individual investors who own specific units within the property. This unique ownership structure allows guests to experience the luxury and comfort of The Address Dubai while also offering investment opportunities for those looking to own a piece of this iconic property.