Nakheel’s $182m joint venture resort takes shape at Deira Islands

WCN Editorial Team 13 Dec 2018 MIDDLE EAST BUILDINGS

Dubai-based property developer Nakheel and Spain’s RIU Hotels & Resorts are constructing an AED670m ($182m), 800-room beachfront resort and water park at Deira Islands.

All accommodation floors are nearing completion and roofing work is under way. Façade and installation work will begin early in 2019.

The nine-storey property is the first international hospitality joint venture for Nakheel and the first all-inclusive 4-star family beach resort in Dubai.

Nakheel said that floor tiling in the corridors and 800 rooms is ahead of schedule and the resort’s three swimming pools and restaurant and amenity buildings are well under way.

Under the joint venture, both companies are delivering a new hospitality concept for Dubai: 4-star, family-orientated, all-inclusive beachfront accommodation.

The resort is RIU’s first in the region and one of the Emirate’s largest in terms of rooms.

Located on a seafront plot at Nakheel’s new, 15.3km² Deira Islands coastal city, the resort will feature seven food and beverage outlets, three pools, a fitness complex, children’s club and water park.

Two new Nakheel projects – The Night Market and Deira Mall – are located nearby.

So far, Nakheel has invested more than AED8.8 billion ($2.4bn) in infrastructure and project construction in Deira Islands.

The construction will add 40km of coastline to Dubai. The development is expected to have a population of 250,000 and create 80,000 jobs.

Earlier in October 2018, Nakheel broke ground on Dragon Towers, its AED713m ($194m) twin-building residential project at the Dragon City mixed-use community.

The company awarded a contract for AED552m ($150m) to UAE-based Ali Mousa & Sons Contracting to build the project, which is the first residential component at Dragon City. The residential component is due for completion in 2021.

Dragon Towers, which went on sale in September 2018 with prices from AED449,000 ($122,238), is connected by a covered bridge to the Dragon Mart and its 5,000 shops, restaurants and attractions.

The project consists of two 37-storey buildings each with 571 one- and two-bedroom apartments. Two floors of retail space, four parking levels and a sixth-floor podium level Clubhouse with a 25-metre swimming pool, children’s pool, restaurant, gym and tennis court will also be provided.

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Image: RIU resort on Deira Islands. Photo: Courtesy of Nakheel PJSC.

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