Master developer Nakheel and Thai hotel group Centara Hotels & Resorts on Thursday cemented their AED500 million ($136 million) joint venture with a construction contract worth AED290.5 million to build a 601-room beachfront resort at Dubai’s Deira Islands.
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The contract for the four-star resort takes Nakheel’s infrastructure and construction investment at Deira Islands to nearly AED8.8 billion so far, a statement said.
Out of the 601 rooms, 114 rooms are specifically for families, covering 450 sq ft. There are also rooms for people with special needs, standard rooms, deluxe rooms, suites and 1,200 sq ft duplexes.
Nakheel chairman Ali Rashid Lootah said:
“Our joint venture with Centara underlines our commitment to working with trusted international brands to bring new hospitality concepts to Dubai, and today’s crucial milestone brings this exciting new resort ever closer. I look forward to delivering one of Dubai’s most sought-after destinations for travellers from all over the world.”
Suparat Chirathivat, executive vice president, Corporate Development, Central Group, said:
“This is Centara’s first hotel in Dubai, and the UAE, and represents our arrival in a key gateway city in the Middle East. We believe that the unique design and service of Centara Deira Islands Beach Resort Dubai will offer unforgettable holiday experiences to guests.”
Centara Hotels & Resorts is part of Central Group. Centara entered the Middle East market with the opening of Centara Muscat Hotel last year, with imminent openings in other Gulf States.
Nakheel’s partnership with Centara is the developer’s second international joint venture at Deira Islands.
Construction of the first, an 800-room, AED670 million beachfront resort with Spain’s RIU Hotels & Resorts, is under underway, with anticipated completion in 2020.
Deira Islands will transform ‘Old Dubai’ into a world-class hub for retail, tourism, living and leisure, and will add 40 km, including 21km of beach, to Dubai’s coastline. The coastal city is expected to have a population of 250,000 and to create 80,000 jobs.
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