Deyaar
Development PJSC, a property development and real estate services company in
Dubai, recently announced a deal with Millennium & Copthorne Hotels, a leading
global hotel group, to operate three hospitality developments in the city.
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.”
