Cheval Collection Expands Dubai Portfolio Amid Demand Slump

Cheval Collection, a UK-based luxury hospitality company, aims to double its global portfolio within years, with the Middle East as a key growth driver. The company currently operates 16 projects across the UK and Middle East, including serviced apartments in The Palm Dubai and Expo City Dubai, and branded residences in Dubai Islands (completion 2029). Despite Dubai's domestic demand slump, Cheval emphasizes its short- and long-stay model as a buffer against international arrivals. S&P forecasts Dubai occupancy recovery to pre-war levels only by late 2027.