Ascott’s is set to grow its global portfolio to 80,000 apartment units from the current 52,000 units by 2020, with 5,000 of those opening in the Middle East & Africa region including in Iran as well as North and East Africa.

It will strengthen its position in the GCC market over the next few years with the opening of Citadines Culture Village and Ascott Culture Village, both in Dubai, as well as Ascott Makkah this year and eight properties across Jeddah, Riyadh, Al Khobar and Abha over the next three years.

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