Dublin’s serviced apartment market is on the cusp of significant expansion, with close to 700 new units set to be delivered by 2027.
This represents a 34% increase in the city’s serviced apartment supply, highlighting Dublin’s growing importance in the European extended stay market. According to a new report from Savills on the European Serviced Apartments sector, this surge in development comes as investor interest in the sector accelerates across Europe.
Dublin currently boasts 29,946 hotel rooms, of which 2,019 are in serviced apartments, representing 6.7% of the total stock. This ratio is expected to increase as major developments come online, including high-profile projects such as Home2 Suites by Hilton and Residence Inn by Marriott, set to deliver a combined total of over 500 units by 2027.
Notable Upcoming Developments in Dublin’s Serviced Apartment Market
|
Hotel Name |
Location |
Opening |
Bedrooms |
|
Home2 Suites by Hilton |
43-46 Marlborough Street, Dublin 1 |
2026 |
289 |
|
Residence Inn by Marriott |
42-51 Great Strand Street, Dublin 1 |
2027 |
222 |
|
The July Dublin |
164a Capel Street & 33-36 Strand Street, Dublin 1 |
2026 |
105 |
|
The Murphy |
12 Pembroke Row, Dublin 2 |
2025 |
28 |
Comparing Dublin with Europe’s Major Markets
While cities like London and Paris lead Europe with over 11,000 serviced apartment units each, Dublin’s expanding supply shows that the Irish capital is quickly becoming a competitive player in the sector. Dublin’s market share of 6.7% for serviced apartments is comparable to major cities across Europe, reflecting the growing consumer demand for extended stay options.
The growth in Dublin’s serviced apartment market is part of a broader European trend, where serviced apartments account for an average of 6.1% of total accommodation supply in major cities. This expansion is supported by the rise of digital nomads and the tightening of short-term rental regulations in cities such as Barcelona, which has helped redirect demand toward professional serviced apartment products, alongside the heightened appetite from the lending and investor community.
Looking Forward
With significant new developments in the pipeline, Dublin is set to increase its appeal to both domestic and international investors. The Savills report highlights that investor interest in serviced apartments is driven by the sector’s typically higher profit margins and the ongoing blurring of lines between hospitality and residential accommodation.
“Dublin’s growth in the serviced apartment sector is a testament to the city’s dynamic hospitality landscape,” said Tom Barrett, Director of Hotels & Leisure at Savills Ireland. “As demand continues to rise, Dublin is well-positioned to become a leading market for extended stay accommodation in Europe.”
View the full report here.