Deyaar hires Millennium & Copthorne to operate three hospitality developments in Dubai
The developments, which include nearly 1,000 units, are luxury residences in the Atria Business Bay, premium serviced apartments at Montrose in Dubai Science Park and a hotel and serviced apartments development in Al Barsha, next to Mall of the Emirates.
“The new developments will provide convenient overnight, short-term and long-term hospitality options for business and leisure travelers to Dubai,” Deyaar CEO Saeed Al Qatami said. “We have chosen our locations based on convenient access to the major business and transport nodes, including malls, metro stations and offices. Family tourism in Dubai is booming, with large leisure and entertainment attractions opening this year.”
Al Qatami said the agreement puts Deyaar in an excellent position in the growing tourism sector of the UAE.
Ali Hamad Lakhraim Alzaabi, president and CEO of Millennium & Copthorne said the deal will expand his brand’s exposure in the UAE.
“We are delighted to partner with Deyaar, a company of excellence in the real estate sector, to bring these exciting developments to the market,” Alzaabi said. “The projects will add to the breadth of Dubai’s hospitality offering, boosting the number of international standard, high quality hotel rooms and serviced apartment accommodation to meet rising demand.”