Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
The 287 meter, 5-star hotel is being built in partnership between Dubai Pearl Inc. (DPI) and Kingdom Hotel Investment Group. The construction period for the Dh485 million hotel is 26 months and the completion date will be December 2006.
Jamal Abu Isa, MD of Dubai Pearl, said: “The Dubai Pearl Hotel will be a one of a kind business hotel that will make a true statement for Dubai.”
The Master planner and architect for the development is Chapman Taylor, UK and the consultant for the Hotel is Norr Group. The Hotel will be operated by the Swiss hospitality chain Movenpick and will be fashioned to the highest international standards of luxury and service.
The footprint of the hotel is designed to grant every guestroom with a stunning water view. The hotel will accommodate 7 specialty restaurants, a 1600 sqm ballroom and business function facility, over 2000 sqm of business center facility and a state of the art Gymnasium and wellness Spa covering over 3000 sqm.
One of the unique features of the hotel will be the observation deck, 230 meters above sea level which will provide an overwhelming view of the Arabian Gulf, The Palm Jumeirah and the surroundings.
“We are proud to have been selected for implementing this prestigious project, it enhances our current portfolio which includes 17 other high rise towers,” said Riad Kamal, MD of Arabtec.
Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
Ties between the world's two most populous nations have been strained
Payouts jumped to a record $606.1 billion in the second quarter
If a full bid took place, the weight of Germany for UniCredit would rise to around 40%
Senior Visa official lauds progressive steps taken by the UAE
Under its 'Journey 2030' strategy, it plans to bolster Abu Dhabi's role as a travel hub connecting Asia and Europe
Partnership aims to boost growth of companies operating within Dubai CommerCity and broaden their reach
Prize purse valued at over half a million dollars