UAE's Al Hamra eyes 2019 to award Rove Manar Mall hotel contracts
EXCLUSIVE: Mobilisation work on Rove hotel likely to begin soon, Barry Ebrahimy, senior VP of commercial tells CW
UAE real estate company Al Hamra plans to award contracts and begin mobilisation works on its Rove hotel near Manar Mall in Ras Al Khaimah within 2019, senior vice president of commercial at Al Hamra, Barry Ebrahimy, told Construction Week.
Ebrahimy said the designs for the hotel were complete, with the firm’s projects team “at work to start awarding contracts”.
In conversation with Construction Week during its weekly Viewpoint podcast episode, Ebrahimy said: “I anticipate the contracts to be awarded and mobilisation to take place in a few months.
“The Rove hotel we are going to build is our latest addition [to the market] and will be attached to Manar Mall."
Al Hamra is doubling the size of Manar Mall – already the biggest shopping centre in Ras Al Khaimah – by increasing the outlet's gross leasable area from 27,000m² to 55,000m².
Dubai’s VX Studio said in Q3 2018 that it had won a contract of undisclosed value to work on the Manar Mall extension project.
Al Hamra's hotels business and occupancies increased by nearly 10% over 2017 figures in 2018.
“We own and operate nearly 20% of all hotel rooms in Ras Al Khaimah,” Ebrahimy added, noting that Al Hamra Group – one of Ras Al Khaimah’s most prominent developers – was a “big investor” in the emirate’s hospitality industry.
“[We are absolutely] looking at other hotel opportunities. There is a need for serviced residences in the market – buyers are asking for this and the market is really missing that segment in the emirate.”