Bids start at $99m; contract award expected in late 2017
Dubai developer Nakheel says it is assessing 10 proposals for the construction of the 800-room RIU beachfront resort at Deira Islands.
The lowest bid it says it has received comes in at AED363 million ($99m).
The all-inclusive beachfront resort – a joint venture between Nakheel and Spanish hospitality group RIU Hotels & Resorts – is set for delivery in 2020, with a construction contract awarded by the end of 2017.
Nakheel said in a statement that the project has a total investment value of AED670 million ($182m), and marks RIU’s first resort in the Middle East and one of Dubai’s biggest in terms of hotel rooms.
The resort will be located on a prime beachfront plot at Nakheel’s new, 15.3 sq km Deira Islands coastal city, and feature seven F&B outlets, three swimming pools, a fitness complex, children’s club and water park.
The joint venture is one of 17 projects in Nakheel’s AED5 billion hospitality expansion programme, under which some 6,000 new rooms and hotel apartments will be delivered across Dubai in line with the Government of Dubai’s tourism vision for 2021.