Dubai: Dubai developer Nakheel and Spanish hospitality company RIU Hotels & Resorts have started developing their Dh900 million joint venture resort and waterpark at Dubai’s Deira Islands, according to a joint statement on Sunday.
International consultants Dar Al Handasah have been assigned to oversee the design, engineering and construction supervision of the resort, said to be the first all-inclusive 4-star concept in Dubai and RIU’s first property in the Gulf Cooperation Council (GCC) region.
The joint venture agreement was signed in Palma, Mallorca, in February this year. A construction tender is expected to be released by the end of this year, with completion expected to be in the third quarter of 2019.
The resort is set on a 3.4 million square foot plot at Deira Islands. The waterpark will occupy 10 per cent of the overall area.
Infrastructure and coastal works are under way at Deira Islands, which will add 40 kilometres, including 21 kilometres of beachfront, to Dubai’s coastline. Nakheel is also developing Deira Mall and Deira Islands Night Souq, among others at the 15.3 square kilometre waterfront development.
RIU has more than 100 hotels, featuring 45,000 rooms between them, in 19 countries. These welcome over four million guests a year.