Dubai’s Nakheel starts construction of AED176 million hotel at Dragon City
Nakheel’s second hotel at Dubai’s Dragon City moved a step closer today with a construction contract worth AED136 million handed to Al Ghurair Contracting and Engineering Works LLC.
With a total project value of AED176 million, the 304-room Premier Inn is one of 16 hotels in Nakheel’s AED3 billion hospitality portfolio and part of a huge new master plan that is transforming Dragon City into a giant retail, residential and recreational complex of more than 11 million square feet.
Set for delivery in 2019, Premier Inn Dragon City will have a restaurant, Costa coffee shop and gym. The hotel will span 178,000 sq ft in built-up area, over eight floors.
Premier Inn Dragon City is one of two Nakheel hotels managed by the UK’s Premier Inn. The first, a 372-room hotel at Ibn Battuta Mall, opened last October.
Nakheel’s expanding Dragon City mixed-use community comprises four million sq ft of retail space, a twin-tower residential complex with 1,120 apartments and two hotels with 516 rooms between them. It is currently best known for Dragon Mart – the world’s largest Chinese trading hub outside China – featuring the globally-renowned Dragon Mart 1 and its sister mall, Dragon Mart 2, which opened in February last year. The two malls welcome 40 million visitors a year.