Published on : Wednesday, January 11, 2017
Deira Islands in Dubai will be home to Dh500 million beachfront resort with waterpark , thanks to a joined venture inked between Dubai-based developer Nakheel and Thai hotel group, Centara Hotels and Resorts, on Monday. The resort is anticipated to have a soft opening in 2019 and grand opening in 2020.
The agreement was signed in Bangkok by Nakheel Chairman, Ali Rashid Lootah, and Centara Chairman, Suthikiati Chirathivat.
Commenting on the venture, Nakheel Chairman, Ali Rashid Lootah, said, “Our joint venture with Centara cements our commitment to partnering with successful, reputable international hotel brands to bring new tourism concepts to Dubai in line with the Government of Dubai’s tourism vision. ”
Suthikiati Chirathivat, Chairman of Centara Hotels and Resorts, said, “We are thrilled and proud to be partnering with Nakheel on this joint venture hotel investment that will see Centara Hotels and Resorts operate and manage a distinguished new resort in an exciting new destination. This partnership is a ground-breaking move for Centara as we continue to extend our upscale resort portfolio internationally. ”
The new resort will cover an area of 295,900 sq. ft. and include a waterpark, dining facilities, business centre, children’s club, spa and fitness centre.
Nakheel’s joint venture with Centara is its second international joint venture for Deira Islands. The first being an 800-room, Dh900 million all-inclusive resort and waterpark with Spain’s RIU Hotels & Resorts, confirmed in February last year. As for Centara, this is its first establishment in the UAE.