A new AED500 million resort and waterpark on Deira Islands in Dubai is on the cards following an agreement between developers Nakheel and Thai hotel group Centara Hotels and Resorts.
The deal, which was agreed in Bangkok, will see the creation of 550 new rooms at the Deira Islands location.
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.
Featured: Work begins on Deira Islands
“Today’s signing is a key milestone in hospitality expansion – and the beginning of a long-term strategic partnership between Nakheel and one of Thailand’s biggest, most popular hotel operators.
“We look forward to seeing this exciting project come to fruition by delivering a new and unique offering at Deira Islands.”
It’s clear that Centara is looking at the Dubai location to establish a foothold in the region.
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 groundbreaking move for Centara as we continue to extend our upscale resort portfolio internationally.
“This is Centara’s first hotel in Dubai, and the UAE, and represents our arrival in a key gateway city in the Middle East.
“As we look forward to an even stronger and meaningful business partnership with Nakheel in the near future, we believe that Centara Deira Island Beach Resort Dubai will offer unforgettable holiday experiences to guests through our unique Centara hospitality and service.”
Nakheel would appear to have big plans for Deira Islands having already completed a AED150 million bridge to the islands as well as releasing tenders for six marinas there.