The total value of 1,153 hospitality projects in the six member nations of the Gulf Cooperation Council (GCC) exceeded $148.4 billion (AED544.62bn) in the first quarter of 2017, according to a new report by project research and intelligence provider BNC Network.
The GCC’s hospitality industry constitutes seven per cent of all active projects in the region’s urban construction sector. In dollar terms, hospitality projects account for 13 per cent of the total estimated value of the region’s urban construction sector, the latest BNC Intelligence shows.
A major influx in hospitality projects in the UAE is not without reason. The country continues to be one of the world’s most competitive economies for travel and tourism, according to the report from WEF.
Here are some of the top new hotel projects announced in the past seven days in Dubai:
Nakheel has agreed a deal with hospitality giant Hilton to bring 704 new hotel rooms and serviced apartments to Dubai, the developer announced in a statement on Monday.
The two companies signed a management agreement for Nakheel’s 254-room property at Jumeirah Village Triangle, and a Letter of Intent for a new hotel and serviced apartment complex at Deira Islands.
Both are set to operate under the DoubleTree by Hilton brand, adding to existing three already open in Dubai.
The DoubleTree located at Jumeirah Village is already under construction, according to the statement, with an expected opening date of 2019.
It is directly linked to Al Khail Avenue, a new retail and dining development by Nakheel Malls, also set to open in 2019.
The upscale hotel will feature 254 rooms (including four suites), an all-day restaurant, coffee shop, lounge, outdoor terrace, pool deck, gymnasium and car park, as well as a leisure club with preferential membership rates for residents of the Jumeirah Village Triangle community.
The proposed DoubleTree by Hilton Hotel & Residences Deira Islands — a twin tower complex with 250 hotel rooms and 200 serviced apartments — is currently being designed, with anticipated delivery by 2020.
The projects are part of Nakheel’s AED5 billion hospitality expansion, aiming to bring 5,800 new hotel rooms and apartments online in Dubai through 18 projects. Nakheel has so far opened two hotels.
Dubai-based developer Damac Properties plans to tender main construction for its new five-star Golfotel hotel in the third quarter of this year, a company executive said.
The project will feature over 2,000 rooms overlooking the Trump World Golf Club in Dubai, which is set within Damac’s 55-million square foot Akoya Oxygen master plan. The Trump World Golf Club Dubai is an 18-hole championship standard course designed by American golfer Tiger Woods.
The Golfotel project is expected to complete in 2021.
MAF’s cinema-themed hotel
Majid Al Futtaim and Marriott International on Thursday announced plans to launch the region’s first cinema-themed hotel concept, which will feature cinematic-themed rooms and an outdoor VOX cinema.
A statement from the Dubai-based owner and operator of shopping malls said the concept will be launched at the Aloft Dubai City Centre Deira, which is currently under construction and is owned by Majid Al Futtaim and to be operated by Marriott.
The 304-room hotel will feature 25 cinematic-themed rooms as well as an outdoor VOX Cinema. The themed room will feature a collection of films, TV screens, projectors and enhanced sound systems, offering guests a cinema experience.
The hotel will include four themed suites inspired by blockbuster movies from superheroes to Bollywood, and aims to meet growing demand for experiential travel. The hotel also aims to cater to the rising demand for mid-market hospitality offerings in Dubai.