Jumeirah unveils $680m luxury project
Dubai, November 17, 2012
Dubai-based luxury hospitality company Jumeirah Group has announced the launch of the fourth phase of its Dh2.5 billion ($680.4 million) Madinat Jumeirah expansions project, which comprises a luxury hotel, residential complex, restaurants and a walking area.
Unveiling the project, Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Dubai Ruler, said, "The development of tourism infrastructure in Dubai must match the UAE’s growing position as an international tourist hub. The process of development never stops and has no limits."
Sheikh Mohammed said he had issued directives to speed up the project’s implementation so that it could be completed by the end of 2015.
The Dubai Ruler later viewed the details and outline of the project, which will face Burj Al Arab area in Jumeirah and includes a luxury five-star hotel, villas complex, restaurants and a commercial center featuring retail stores apart from an open walking area.
A member of Dubai Holding, Jumeirah said the project will include a luxury five-star hotel which will boast of 420 rooms with sea views. The hotel will also feature a range of international restaurants and luxury amenities and facilities that match the location and size of the plan.
The group of villas and hotel apartments in the project will be run by Jumeirah Living, one of the subsidiaries of Jumeirah Group, the hospitality group said in a statement.
The complex will host 45 luxury villas and hotel apartments which will have enhanced facilities and residential services and a number of restaurants, spa, business center and other amenities, it added.
The announcement was made in the presence of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai.
Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of Dubai Holding, Khalifa Saeed Sulaiman, the director-general of the Department of Protocol and Hospitality in Dubai, and Ahmad Bin Byat, the CEO of Dubai Holding, and Gerald awless, the executive chairman of Jumeirah Group attended.
The Dubai hopitality group operates several major luxury hotels and resorts including Jumeirah at Etihad Towers in Abu Dhabi; Burj Al Arab, Jumeirah Beach Hotel, Jumeirah Creekside Hotel, Jumeirah Emirates Towers, Jumeirah Frankfurt in Germany; Jumeirah Grand Hotel via Veneto in Rome as well as Jumeirah Carlton Tower and Jumeirah Lowndes Hotel in London.
Jumeirah also runs luxury serviced residences brand Jumeirah Living; the spa brand Talise; Jumeirah Restaurants; Wild Wadi Water Park; The Emirates Academy of Hospitality Management; and Sirius, its global loyalty programme, said the statement.
Jumeirah Group also plans to launch a number of projects in the city of Baku, Azerbaijan, and Kuwait in the near future, it added.-TradeArabia News Service
More Construction & Real Estate Stories
- Qatari group unveils $823m giant mall project
- Tecom announces new operational structure
- Better Homes releases property guides
- Drake & Scull clinches $461m Saudi contract
- Obayashi-HBK venture wins Doha project deal
- Bahrain halts digging at housing project site
- Strike won't affect projects says Arabtec
- Bahrain cuts new property registration cost
- IPIC to use $4bn pipeline payment to repay debt
- MMG appoints advisor for debt restructuring