Zabeel Properties to develop food and entertainment venue, Tiara Village, on Palm Jumeirah

The development is sure to become a firm favourite for lovers of gourmet cuisine and nightlife alike.

It will incorporate a range of eight food and beverage outlets to suit different tastes, including the Michelin-rated Chinese restaurant, Hakkasan.

Sitting alongside them will be a stunning new nightclub to be operated by the world-famous hospitality company, the Light Group.

Called The Bank, it will based upon its own signature facility at the Bellagio resort in Las Vegas, which is considered the preeminent nightclub on 'The Vegas Strip'.

The Tiara Village, which will open in the Summer of 2009, is to be situated alongside the luxury property developer's Dhs2.1bn ($1bn) Tiara Palm Hotel and Residences project.

It comprises a 309-suite hotel stretching across two 15-storey towers and an adjoining 644-unit residential complex.

Set for completion at the end of October, The Tiara Palm Hotel and Residences is poised to become one of the premier properties on the Palm Jumeirah.

Robert Norton, CEO of Zabeel Properties, says

"Tiara Village is an exciting new entertainment hub that will significantly enhance the Tiara Palm development. It will give residents and guests access to a range of the highest quality restaurants, stylish bars and nightlife. We are delighted to be working with partners who are world leaders in their fields, including the Light Group and the Australian architects, Crone & Partners.

"The Tiara Village will be LEED (Leadership in Energy and Environmental Design) accredited, embodying our commitment to deliver industry-leading environmentally sustainable developments. We have built a growing reputation as a responsible developer that will not compromise on quality or attention to detail, and exceed customer expectations - which the Tiara Village will exemplify."

Zabeel Properties is the property arm of Zabeel Investments - a multi-diverse company with business interests spanning private equity and asset management in the GCC and other international markets.

Zabeel Investments recently acquired a 50% stake in the Light Group.

The partnership unites the experience and innovation of the Las Vegas company with the ambition and expertise of Dubai-based Zabeel Investments, delivering a distinct offering to both the US and UAE hospitality and entertainment sectors as well as markets further afield.