SKAI Holdings to build $326.9mn Dubai hotel
Construction work on Suites in the SKAI to start in September
Skai Holdings, the property investment company building the $1bn Palm Viceroy hotel in Dubai, has announced plans to build a $326.9mn (AED1.2bn) four-star hotel in the city's Jumeirah Village Circle district.
The company said that it had already pre-sold all of the available suites, hotel rooms and serviced apartments in the hotel since launching the project to investors in June, raising $252.4mn (AED927mn) in the process.
These will be housed in a 60-storey tower which will also contain food & beverage outlets, meeting rooms, a spa and retail units - all of which will be retained by Skai Holdings.
In total, it will contain 234 hotel rooms, 234 one- and two-bed serviced apartments and 33 penthouses.
The tower will be built by China State Construction Engineering Corporation's Middle East arm (CSCEC), which is also contractor (and a co-investor) at the Palm Viceroy project. Atkins has been appointed as lead architect, Tokyo's Nao Taniyama will handle interior design and Australia Topo Design Studio will handle the landscaping.
Work is set to start on the site next month, with an opening due by September 2017.
The developer said that the Suites in the Sky will feature breathable architecture and a vertical microclimate with over 500,000m2 of flora, including green balcony gardens.
There will also be 271 sky-high swimming pools and floating bathtubs within the apartments. In total, the tower will contain five dining venues, a sports bar, lobby cafe', pool bar & grill and a rooftop Chinese restaurant.
Skai Holdings' Group CEO Kabir Mulchandani, said: "Skai Holdings’ strategy is to build high quality hotels in several key locations in Dubai that will cater to the growing demand for tourism in the Emirate,” he added.