Property is part of a AED3bn hospitality expansion
Local developer Nakheel has awarded the local Parkway International Contracting a AED184.5m ($50m) construction contract for a second hotel at Ibn Battuta Mall.
The 375-room hotel, will be operated by Thailands Minor Hotel Group under its AVANI brand. The 15-storey building will have a total built-up area of about 26,000 square metres. The hotel will add to the first hotel at Ibn Battuta a 372-room Premier Inn that opened in October last year.
Nakheel is developing AED3bn of hospitality projects that include 16 new hotels and serviced apartment complexes with 5,300 rooms. Adding new hotel assets is part of Nakheels strategy of growing its recurring revenues.
| Location | Type | Rooms | Partner/Operator | Status |
|---|---|---|---|---|
Dragon City | Hotel | 251 | Accor - ibis Styles | Operational |
Dragon City | Hotel | 295 | Whitbread - Premier Inn | Construction starting Q2 2017 |
Ibn Battuta Mall | Hotel | 372 | Whitbread - Premier Inn | Operational |
Ibn Battuta Mall | Hotel | 375 | Minor AVANI | Construction starting Q2 2017 |
Palm Jumeirah (The Palm Tower) | Hotel | 289 | Starwood - St Regis | Under construction |
Palm Jumeirah (Palm 360) | Hotel x 2 | 110 (total) | To be confirmed | Design stage |
Jumeirah Village | Hotel | 256 | Hilton DoubleTree (MoU) | Under construction |
Deira Islands | Resort | 800 | JV - Nakheel/RIU | Agreement signed |
Deira Islands | Resort | 550 | JV Nakheel/Centara | Under construction |
Deira Islands | Hotel x 4 | 1,000 (total) | To be confirmed | Design stage |
Deira Islands | Serviced apts x 2 | 1,000 (total) | To be confirmed | Design stage |
Total | 5,298 | |||
Source: Nakheel | ||||
Nakheel starts work on next phase of Ibn Battuta expansion
Ibn Battuta Mall
Ibn Battuta Mall
Nakheel says it has started work on a AED850m ($232m) project that involves building a 55-storey residential tower, 16-screen cinema complex, multi-storey car park and retail expansion at Ibn Battuta Mall in Dubai. Read more
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