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Dubai well established as regional tourism, economic hub: Star Hotels
DUBAI — Dubai is the only emirate in the UAE that would prosper even without oil and gas because it has firmly established itself as an economic and tourism hub in the country as well as the entire Middle East, a service industry executive said yesterday.
Peter Janssen, group general manager of Star Hospitality Hotels & Resorts, said Dubai provides a venue for safe investment because the government really supports infrastructure growth, and that the real estate business is booming and showing no sign of slowing down. He added that Dubai is an emerging destination for tourists on cruise packages.
Janssen said his company has been taking advantage of Dubai as being a major regional destination for business and leisure travellers by building more hotel rooms and serviced apartments around the city, especially in Jumeirah properties. He said Star Hotels, the hospitality arm of real estate developer ETA Star Properties, would soon branch out to other emirates, particularly Bahrain, Qatar and Oman.
Yesterday, Star Hotels formally opened its StarBoutique Clock Tower, a 90-apartment creek-side serviced hotel apartments offering what company officials described as "personalised home-style hospitality with luxurious hotel amenities."
"We are opening business at a time when Dubai is emerging as a destination of choice for global networking and trade fair events, in addition to being a premier tourism hub," said Riyazur Rahman, director of ETA Star Hospitality, the management firm of a chain of hotels that include StarBoutique.
Govind Pratap, resident manager of StarBoutique, said Dh100 million had been invested in the property, which, according to other officials, would yield a 25 per cent to 30 per cent return in three to seven years.
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