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STR’s July 2017 Pipeline Report showed that 166,166 units in 590 hotel projects were under contract in the Middle East during the month, a 6.6 percent rise in rooms over July 2016.

Of this figure, there were 95,089 keys in 301 properties in the construction phase, a year-on-year jump of 14.3 percent in terms of the number of rooms.

Four key markets in the region reported more than 5,000 rooms in construction.

Dubai led the way with 24,842 keys in 85 developments, followed by Mecca with 23,816 units in 18 addresses.

Moreover, Doha recorded 8,714 rooms in 36 projects and Riyadh revealed 6,712 keys in 30 hotels.

OBT Long Stay Apartments