Project involves building a 350-room luxury resort
Plans for an expansion to the Jumeirah Beach Hotel have been approved by UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum.
Set for completion in 2018, the project involves building a 350-room ultra-luxury resort next to the existing Jumeirah Beach Hotel. The works will also involve an extensive expansion of the existing yacht marina doubling its current capacity.
The UKs Broadway Malyan prepared the designs.
Local hotel operator Jumeirah Group operates the Jumeirah Beach Hotel. It recently selected the local/UK Al-Futtaim Carillion for the contract to build the fourth phase of its Madinat Jumeirah development, which is located nearby between the existing Madinat development and Wild Wadi waterpark, close to the Burj al-Arab hotel.
The construction work involves building a 435-room resort hotel with 400 parking bays, three speciality restaurants, lounges, bars, a business centre, swimming pools and a turtle lagoon. There will also be a laundry, plant rooms, chillers and cooling towers to support the hotel.
The client representative is the local H&H. The development manager is South Africas Mirage Mille.
In October 2013, Jumeirah Group signed a $1.4bn loan. The company appointed the UKs Standard Chartered and HSBC, and the local Abu Dhabi Commercial Bank (ADCB) to arrange the deal in May, but received only limited interest from other banks about joining the funding group. Only three new lenders joined the transaction: Dubai-based Emirates NBD, Mashreq and Dubai Islamic Bank.
You might also like...
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.