A joint venture between Dubai master developer Nakheel and leading Spanish hospitality group RIU Hotels & Resorts has moved a step closer with the release of a construction tender for an 800-room, beachfront resort and water park at Deira Islands. With an investment value of AED670 million, the resort – RIU’s first in the Middle …
Tag Archives: Dubai hotel industry
Nakheel breaks ground on AED176 million hotel at Dragon City
Dubai master developer Nakheel broke ground on a new, AED176 million hotel at Dragon City, further reinforcing its aggressive expansion into the hospitality sector. The ground-breaking ceremony, led by Nakheel Chairman Ali Rashid Lootah, comes less than two weeks after the company awarded a contract worth AED136 million to Al Ghurair Contracting and Engineering Works …
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DAMAC Towers by Paramount Hotels & Resorts over 85% complete
DAMAC Properties, one of the region’s largest luxury real estate developers, has announced that its luxury hotel and serviced residences, DAMAC Towers by Paramount Hotels & Resorts, located in Dubai’s Burj area, is over 85% complete. Developed by DAMAC Properties in collaboration with Paramount Hotels & Resorts, the project continues to make good progress with …
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wasl Asset Management Group selects MGM Resorts International to advise and operate premier destination resort In Dubai
Dubai-based wasl Hospitality and Leisure, a subsidiary of wasl Asset Management Group, one of the largest real estate development and management companies in the Emirate of Dubai, has selected MGM Hospitality to advise on the development of a premier destination resort in Dubai and to operate the resort when completed. MGM Hospitality, a wholly owned …
Dubai’s Nakheel and Spanish RIU Hotels & Resorts start development of AED900 million beachfront resort at Deira Islands,Dubai
Nakheel and Spanish hospitality giant, RIU Hotels & Resorts (RIU) have commenced the development of their AED900 million, 800-room joint venture resort and waterpark at Dubai’s Deira Islands. The partners have appointed international consultants Dar Al Handasah to oversee design, engineering and construction supervision of resort – the first all-inclusive 4-star concept in Dubai and …
Nakheel continues hospitality expansion with new hotels at Dragon City and Ibn Battuta Mall in Dubai
Dubai master developer Nakheel has released construction tenders for new hotels at Dragon City and Ibn Battuta Mall, adding another 670 rooms to its rapidly-growing hospitality portfolio. Nakheel will build a 295-room hotel at Dragon City, home of the world-famous Dragon Mart retail and trading hub, featuring the one million square foot Dragon Mart 2 …