Master developer, Nakheel, is assessing 10 proposals for the construction of its new 800-room RIU beachfront resort at Deira Islands, with the lowest bid at AED363mn.
The all-inclusive beachfront resort a joint venture between Nakheel and Spanish hospitality group RIU Hotels & Resorts is set for delivery in 2020, with a construction contract awarded by the end of 2017.
With a total investment value of AED670mn, the resort is RIUs first in the Middle East and one of Dubais biggest in terms of hotel rooms. It will bring a new hospitality concept to Dubai, offering mid-scale, family-orientated, all-inclusive beachfront accommodation.
Located on a beachfront plot at Nakheels new, 15.3sqkm Deira Islands coastal city, the resort features seven F&B outlets, three swimming pools, a fitness complex, childrens club, and water park. Several other new attractions, including Deira Mall, Deira Islands Night Souk, and Deira Boulevard, are located nearby.
The joint venture is one of 17 projects in Nakheels AED5bn hospitality expansion programme, under which some 6,000 new rooms and hotel apartments will be delivered across Dubai in line with the Government of Dubais tourism vision for 2021.
RIU Hotels & Resorts has almost 100 hotels, with around 45,000 rooms between them, in 19 countries. Together, these welcome over four million guests a year and provide jobs for nearly 27,000 people. Nakheel has already awarded over AED7.5bn worth of contracts at Deira Islands, with more on the way. The waterfront city, which is expected to have a population of 250,000 and to create 80,000 jobs, will add 40km of coastline, including 21km of beach, to Dubai.