Nakheel floats tender for $182.4m RIU Hotel
Valued at $182.4m, the resort, RIU’s first in the region and one of the largest in Dubai in terms of hotel rooms, is set for delivery in Q4 2019
Real estate developer, Nakheel, has released a construction tender for its joint venture development with Spanish hospitality group, RIU Hotels and Resorts, for an 800-key, beachfront resort and water park at Deira Islands.
With an investment value of $182.4m (AED670m), the resort, RIU’s first in the Middle East and one of the largest in Dubai in terms of hotel rooms, is set for delivery in Q4 2019.
The RIU resort at Deira Islands will offer a mid-scale, family-orientated, and an all-inclusive beachfront accommodation, according to UAE state news agency, WAM
The resort is located on a beachfront plot at Nakheel’s new, 15.3km2 Deira Islands coastal city.
The joint venture is one of 18 projects in Nakheel’s $1.36bn (AED5bn) hospitality expansion programme, which will deliver 5,800 new hotel rooms and apartments across Dubai in line with the Government of Dubai’s tourism vision for 2021.
RIU Hotels and Resorts has approximately 100 hotels, with around 45,000 rooms between them, in 19 countries.
Together, these welcome more than four million guests a year and provide jobs for nearly 27,000 people.
RIU is one of the most popular hotel chains in the Caribbean and the second largest in Spain in terms of revenue.
Nakheel has already awarded more than $1.90bn (AED7bn) 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.