Deyaar Development, one of Dubai’s leading real estate service providers, will soon mark its foray into the hospitality industry with the opening of its first hotel at the end of the year. The new hotel will be managed by Millennium Hotels & Resorts, it was announced.

The announcement was made at this year’s Cityscape Global,  the largest real estate and investment event in the Middle East, which opened its doors on October 2 in Dubai.

Located in Business Bay, the 30-storey Millennium Atria Business Bay comprises studios, one-, two- and three-bedrooms, and duplex apartments designed by YOO Studio, the internationally-acclaimed interior design company founded by John Hitchcox and Philippe Starck, known for their cutting-edge designs for landmark signature residences and hotels across the globe.

Saeed Al Qatami, chief executive officer, Deyaar, said: “The opening of the Millennium Atria Business Bay property marks our first foray into the hospitality industry, which represents the realisation of our portfolio diversification goals in line with the ambitions of the UAE’s growing economy. We feel Millennium Hotels & Resorts is a strong partner for us in this venture, and look forward to the development of our relationship in the years to come.”

Millennium Hotels & Resorts Middle East & Africa President, Ali Hamad Lakhraim Alzaabi, said: “It is thrilling to see that our first hospitality partnership with Deyaar Development has come into completion. We are confident that this property will deliver a unique holiday experience for business and leisure travellers alike. The Business Bay district is a flourishing destination in Dubai and opening another Millennium property within this area further expands our portfolio of diversified brands which cater to different market segments.”

Every unit in Millennium Atria Business Bay has a characteristic personality and flair, with a key focus on simplicity, functionality, and urban elegance paired with the latest smart home technology.

The units have views of either the iconic Burj Khalifa or the Dubai Water Canal, and will cater to business travellers, leisure tourists, and more.

The hotel’s facilities include an all-day dining restaurant, a sports bar, infinity pool on the 25th floor, a five-star spa, gymnasium, kids’ club, and a cinema terrace.

The mock-up model for Millennium Atria Business Bay is on display at Deyaar’s stand S1H10, during the three-day Cityscape Global event, which ends on October 4, at the Dubai World Trade Centre. - TradeArabia News Service