Nakheel and Centara sign JV

Nakheel and Centara sign JV

By:
Share:

UAE-based master developer Nakheel and Thai hotel group Centara Hotels & Resorts reached a key milestone on their 600-room beachfront resort and waterpark at Dubai’s Deira Islands, with the official formation of the joint venture company and the signing of a management agreement.

 

The joint venture will deliver a family-centric lifestyle destination at Deira Islands, Nakheel’s new, 15.3 square km waterfront city that is set to become Dubai’s newest tourism hotspot.

 

The resort will also be managed by Centara, whose portfolio already includes over 14,000 room keys across 67 hotels and resorts in Asia, Indian Ocean and the Middle East.

 

Set to open in 2020, the resort is the first Centara establishment in the UAE and will cover an area of almost 28,000 m2.

 

Features will include a waterpark, multiple restaurants including alfresco rooftop dining options, kids’ club, spa and fitness centre, and business facilities. Recent enhancements to the hotel’s design have added 50 rooms to the original plan, bringing the total number of keys to 600.

 

Centara Hotels & Resorts is part of Central Group, one of Thailand’s most prominent family-owned conglomerate holding companies, with interests in the merchandising, real estate, retailing, hospitality and restaurant sectors. Centara made its official entry into the Middle East market with the opening of Centara Muscat Hotel earlier this year and whilst the group has imminent openings in other Gulf States, Centara Deira Islands Beach Resort Dubai will be its first and highly anticipated destination in the UAE.

RELATED CONTENT  Ascott announces senior management positions to boost its presence in the region

 

Nakheel’s partnership with Centara is the developer’s second international joint venture at Deira Islands. Work on the first, an 800-room, USD 182 million beachfront resort with Spain’s RIU Hotels & Resorts, is already underway with construction proposals currently being assessed.  More partnerships with global hospitality firms are being explored.

 

The master developer’s hospitality expansion will see the delivery of 17 hotels, resorts and serviced apartment complexes, with almost 6,000 rooms and hotel apartments between them, across Dubai. The first two hotels, at Dragon Mart and Ibn Battuta Mall, opened last year, with the rest under construction or development.  

Add to Favorites