Ascott to add almost 2,000 new units to its Middle East inventory in 2022

Ascott to add almost 2,000 new units to its Middle East inventory in 2022

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The Ascott Limited revealed its dynamic Middle East, Africa and Turkey expansion plans at this year’s Arabian Travel Market (ATM) 2021, adding over 1,856 units across 14 serviced residences, which are all slated to open by the end of 2022. The group’s growth pipeline puts it on track to achieve its regional target of adding extra 6,000 units to its Middle East, Africa and Turkey (MEAT) portfolio, to reach a total of 10,000 units by 2025.

The international lodging owner-operator is set to open its highly anticipated third property in Dubai in Q3 2021. Citadines Culture Village Dubai will offer residents 81 guest rooms.

Ascott is set to further enhance its presence in the Kingdom of Saudi Arabia (KSA) by adding 461 units across its expansive source markets by 2022. The expansion includes the opening of Citadines Al Aziziyah Al Khobar and Somerset Downtown Al Khobar as well as the launch of Ascott’s first community villas property in the capital, Ascott Villas Riyadh, boasting 90 furnished units. Furthermore, Citadines Abha in Abha promises to deliver 140 units.  

Ascott will also expand in Qatar with the opening of 228-unit Somerset West Bay Doha. 

In addition, the expansion includes a new property in Oman, Citadines Al Ghubrah Muscat, which will offer 96 units. In North Africa, Ascott’s first 123-unit, Citadines Racine Casablanca, will open its doors in early 2022.

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In Turkey, Ascott aims to open a second property, Citadines Nivo Istanbul, boasting an additional 150 units.

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