Deyaar announces start of work on new hotel project in Al Barsha
The real estate project, which will have a total plot size of 70,800 square feet and 408 units, should be completed by December 2017. Of the 508 units, 299 will be hotel rooms, while 109 will be serviced apartments -- a mix of 93 one-bedroom apartments and 16 two-bedroom apartments.
The expansive complex will include facilities and amenities for leisure and business travelers, such as restaurants, a business center, meeting room, swimming pools and a spa, a gym and children’s play area.
“This project reiterates Deyaar’s commitment to support the Dubai’s Tourism Vision 2020 and increase the supply and variety of accommodation options,” Saeed Al Qatami, CEO of Deyaar, said. “The property is conveniently positioned in one of Dubai’s burgeoning districts in the vicinity of numerous landmarks and facilities. Our Al Barsha project is complementary to our growth strategy and is a significant expansion of our portfolio in the hospitality sector, as we are aiming to manage 1,000 hospitality units by 2018.”