Master developer Nakheel is evaluating 10 proposals for the construction of its new, 800-room Riu beachfront resort on Deira Islands, with the lowest bid at AED363 million (US $98.8 million).
The all-inclusive beachfront resort – a joint venture between Nakheel and Spanish hospitality group Riu Hotels & Resorts – is set for delivery in 2020, with a construction contract to be awarded by the end of 2017.
With a total investment value of AED670 million, the resort is Riu’s first in the Middle East and one of Dubai’s biggest in terms of hotel rooms. It will bring a new hospitality concept to Dubai, offering mid-scale, family-orientated, all-inclusive beachfront accommodation.
Located on a beachfront plot at Nakheel’s new, 15.3km2 Deira Islands coastal city, the resort features seven F&B outlets, three swimming pools, a fitness complex, children’s club, and a water park.
The joint venture is one of 17 projects in Nakheel’s AED5 billion hospitality expansion programme, under which some 6,000 new rooms and hotel apartments will be delivered across Dubai in line with the Government of Dubai’s tourism vision for 2021.
Riu Hotels & Resorts has almost 100 hotels, with around 45,000 rooms between them, in 19 countries. Together, these welcome over four million guests a year and provide jobs for nearly 27,000 people. RIU is one of the most popular hotel chains in the Caribbean and the second largest in Spain in terms of revenue.
Nakheel has already awarded more than AED7.5 billion worth of contracts at Deira Islands, with more on the way. The waterfront city, which is expected to have a population of 250,000 and to create 80,000 jobs, will add 40km of coastline, including 21km of beach, to Dubai.