Dubai – Mubasher : Nakheel and RIU Hotels & Resorts (RIU), has started developing their AED 900 million, 800-room joint venture resort and waterpark at Dubai’s Deira Islands, according to a press release.
Dar Al Handasah has been hired to oversee the design, engineering, and construction of the first all-inclusive 4-star concept in Dubai and RIU’s first property in the GCC.
The two parties signed their joint venture agreement (JV) in Palma, Mallorca, in February this year and will release a construction tender by the end of 2016.
The project extending over a 3.4 million square foot plot will boast four swimming pools, a kids’ club, spa and fitness centre, dining facilities, as well as a waterpark occupying 10 per cent of the overall area.
“The new resort represents a significant step forward in creating a new range of affordable, family resort-style hotel accommodation in line with the Government of Dubai’s tourism vision for 2021”, according to the press release.
The Spanish hospitality giant runs more than 100 hotels with around 45,000 rooms between in 19 countries. RIU is one of the Caribbean’s most popular hotel chains and Spain’s largest in terms of revenue with occupancy rate crossing four million guests a year.
