Nakheel launches its second tourist resort in Deira Islands

Nakheel Real Estate Development Company (Nakheel) will begin construction and construction of its joint venture with Centara Hotels & Resorts next week, a 601-room resort complex located on the island of Deira, the new destination of Dubai. And Centara is one of the leading hotel chains in Thailand. The project, which will cost 500 million dirhams, will invest 40% while Nakheel holds 60%. The construction contract is valued at AED 290.5 million and was awarded to Park Way International Contracting LLC.

The Centara Resort Deira Dubai Beach is the second of its kind in the Deira Islands and the first in the Sentara chain of the United Arab Emirates. It will open with Expo 2020. The resort has a new concept for the hospitality industry in Dubai and is in line with the emirate's tourism goals, strengthening the 4-star hotel industry which is growing by 10% each year.

Partnership

On awarding the construction contract in the presence of Ali Rashid Lootah, President of Nakheel and Suprat Shiratif, Executive Vice President, Corporate Development, Centara Group, the company mother of Centara Hotels & Resorts in Thailand.

Nakheel continues to play a central role in the development and diversification of tourism offerings in Dubai through expansions appreciated at the same time "Our project with Centara reaffirms our commitment to attracting world-class brands to bring new concepts to the world." The signing of the new resort contract and our partnership with Centara is another important step and I look forward to offering one of Dubai's most popular destinations for Tourists from around the world.

Supraat Sheratif, Executive Vice President, Corporate Development, Centara, said, "Our partnership with Nakheel is very important to us. We look forward to the opening of Centara Resort Deira Beach Dubai Islands in 2020. The resort is the first Centara hotel in Dubai and the United Arab Emirates, and our entry into the market goes through a major city in the Middle East "We believe that the unique design and service at the Deira Sentara Deira Beach Resort in Dubai will provide guests with an exceptional experience. With the experience of Nakheel in real estate development and Centara's record in inspiring customers and offering unprecedented services, we will offer a unique resort that will surprise guests and delight them for years to come . "

Centara Hotels & Resorts, Which is one of the leading family holding companies in Thailand, where it has investments in the areas of trade, real estate, retail, catering and the hotel business Centara entered the Middle East market last year with the opening of the Centara hotel in Muscat, and other hotels will open soon in the Persian Gulf

Deira Islands' Nakheel's Waterfront, with a growing list of more than 12,000 hotels in 60 hotels and resorts in Asia, the Indian Ocean and the Middle East.

Water Park

This family-friendly resort features a water park, a range of restaurants, a kids' club, a spa There is a fitness center and a spa.The 601 rooms of the resort overlook the sea and the city and cover several categories. of rooms, with a focus on family rooms: 114 family-size rooms with 450 square feet of space, 19659002] The nearby attractions of Deira Islands, Deira Mall and Night Market are under construction. While the Dubai Continent, the Gold Souk and the Marquette Waterfront are just a few minutes away by boat or car.

8.8 billion

Nakheel invests in infrastructure and construction projects in the Deira Islands project At 8.8 billion dirhams up to now, the company recently announced a contract worth 450 million dirhams for the construction of a 12-lane bridge connecting the islands to the mainland. Deira Islands will transform the area known as Old Dubai into a world-class destination for lifestyle, recreation, tourism and retail, adding 40 km to the Dubai coast, including 21 km of beaches.

Partnership

Nakheel President Ali Lootah revealed that Suprat Shiratif, executive vice president of corporate development at Sentara Group, the parent company of Centara Hotels & Resorts, visited the Deira Islands several years ago to discuss investment opportunities.

The Deira Islands were then in the early stages of construction, Infrastructure, but the guest investor has found an excellent opportunity to enter the hospitality sector in the country through these islands, which works "Nakheel" to make it the most attractive tourist destination, and the population of 300,000 people. Lootah pointed out that the guest after a visit to the project site was not late in the negotiation, and then reach the partnership with Nakheel to develop the station.

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