Thursday, August 16, 2012

Attractions In and Around Doral Keep Property Values High

The hospitality industry is big business in Florida. In South Florida Miami and the surrounding area dominate the tourist and attraction scene. Close to this is Doral, a thriving and growing community in the Miami/Dade area. Doral has a stable economy with many major employers. Property values are on the rise and with the growing tourist industry and local attractions, real estate in Doral is projected to continue to rise. In an article in the South Florida Business Journal, Ashley D. Torres reports the South Florida hospitality industry experienced significant growth in 2011.

Hotel occupancy rose 3.7% from 2010 to 2011 in the Miami/Dade area. It is estimated that for every 85 tourists, one job in hospitality is created. The area experienced a 6.9 percent increase in the first six months of 2011. This translates into more jobs for the area. Hospitality employment for 2011 rose 3.3 percent in the Miami/Dade County, and neighboring Broward and Palm Beach counties had an increase of 6 percent and 4.3 percent. In 2011 the hospitality industry accounted for over 100,000 jobs in the area keeping the unemployment level below state and national levels.

Some of the attractions in and within a few miles of Doral include the following:
·       The Doral Country Club
·       Costa Del Sol Golf and Country Club
·       Museum of the Americas
·       Sabor Havana Cigars
·       Vizcaya Museum in Coconut Grove
·       Hialeah Race Track in Miami
·       Foxwood Casino in Coral Gables
·       The many beaches of the Miami/Dade area

Other attractions include the Miami Museum of Science and Space Transit Planetarium, the Florida Grand Opera, and Little Havana. There are many more attractions in and around Doral, but they are too numerous to list.

Another contributing factor to the steady job market and strong real estate market of Doral is the cruise ship industry. Ships depart and arrive at Port Everglades, Port of Palm Beach, and the Port of Miami. Over 4 million passengers passed through the Port of Miami in 2011 booked on Celebration Cruise Lines. Carnival Cruise Lines is a major employer in Doral and hosts thousands of passengers each year departing from the ports near the city.

Doral already has a strong economy and with the increase in hospitality trade, the economy continues to be healthy. This also translates into higher than average property values for Doral. The Doral real estate market has experience d growth over and above the state and national levels. As the area grows in popularity, experts predict the real estate market to steadily increase and remain strong. Since its incorporation in 1993 Doral has become the fastest growing community in the Miami/Dade area. Local real estate values continue to rise and the ever increasing hospitality industry and plentiful attractions will only help to fuel future growth in Doral. 

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