Global Serviced Apartment Industry Report 2023 | Page 63

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Middle East & Africa
Rate Rate Rate Studio 1 bed 2 bed
Abu Dhabi ( AED ) Average nightly rate from ( AED ) 410
7 nights ( weekly rate ) 2,872 3,840 5,822
One month ( monthly rate ) 11,600 13,239 22,393
3 month + ( 3 month rate ) 29,141 34,041 60,338
Cape Town ( ZAR ) Average nightly rate from ( ZAR ) 1,500
7 nights ( weekly rate ) 10,500 12,551 23,417
One month ( monthly rate ) 30,000 33,979 87,214
3 month + ( 3 month rate ) 88,650 135,131 192,230
Doha ( QAR ) Average nightly rate from ( QAR ) 409
7 nights ( weekly rate ) 2,866 4,353 8,012
One month ( monthly rate ) 10,550 15,413 16,808
3 month + ( 3 month rate ) 26,836 41,542 55,022
Dubai ( AED ) Average nightly rate from ( AED ) 600
7 nights ( weekly rate ) 4,198 4,718 7,660
One month ( monthly rate ) 14,930 18,909 26,752
3 month + ( 3 month rate ) 38,702 51,609 72,560