{"id":36390,"date":"2016-11-30T00:29:36","date_gmt":"2016-11-29T17:29:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=36390"},"modified":"2016-11-29T21:29:46","modified_gmt":"2016-11-29T14:29:46","slug":"schon-to-develop-hotel-area-in-dubai-investments-park","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/schon-to-develop-hotel-area-in-dubai-investments-park\/","title":{"rendered":"Schon to develop hotel area in Dubai Investments Park"},"content":{"rendered":"


\nThe developer behind the stalled Dubai Lagoon project in Dubai Investments Park has unveiled plans to build 2,700 hotel rooms.Schon Properties on Tuesday announced plans for the Dh3.2 billion project within Dubai Investment Park.Schon said the 2.6-million-square foot iSuites complex of 21 nine-storey buildings comprising the hotel apartments as well as 52 restaurant and cafes and a 125,000 sq ft shopping mall will be delivered in time for Dubai’s Expo in 2020.It said it had awarded a construction contract to Dubai Civil Engineering to build the development and work on the project started in October. It said the first deliveries are expected by summer 2019 and the full project would be completed by summer 2020.More than 2,500 people signed up to invest in Schon’s flagship Dubai Lagoon project in 2005. The project, scheduled to be completed in 2008, was billed to have included 49 buildings comprising 4,000 apartments around a man-made lagoon. With little construction progress on site by 2014 and dozens of investors demanding their deposits, the Dubai Land Department announced the scheme would be broken into seven phases and monitored by Rera until completion.Under the new agreement, two of the seven phases were redesigned as hotel apartments and are being marketed as the iSuites.Despite assurances in 2014 that the Dubai Lagoon project would be complete by the end of 2016, the development still appears to be unoccupied. Schon said it expected the first residents to move in during the first quarter of 2017 and that 200 units were complete and waiting to be connected to electricity and water. It said that the entire master community would now be completed in 2019 or 2020.Schon declined to comment to The National when asked how it would fund the new hotel project. It said it would make “news announcements in the next few weeks to update investors and customers”.”Experience has taught us to put our focus on what is the most important thing to our customers – that is delivering to customers on time and at the right price,” said Noorul Asif, the chief operating officer. “We are confident that with the team we have in place, iSuites will deliver on time.”lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Schon to develop hotel area in Dubai Investments Park<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The developer behind the stalled Dubai Lagoon project in Dubai Investments Park has unveiled plans...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36390","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9sW","jetpack-related-posts":[{"id":36394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/schon-to-develop-hotel-complex-in-dubai-investments-park\/","url_meta":{"origin":36390,"position":0},"title":"Schon to develop hotel complex in Dubai Investments Park","date":"November 30, 2016","format":false,"excerpt":"\r The developer behind the stalled Dubai Lagoon project in Dubai Investments Park has unveiled plans to build 2,700 hotel rooms.Schon Properties on Tuesday announced plans for the Dh3.2 billion project within Dubai Investment Park.Schon said the 2.6-million-square foot iSuites complex of 21 nine-storey buildings comprising the hotel apartments as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45870,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/schon-transfers-half-of-dubai-lagoon-project-to-xanadu-to-expedite-completion\/","url_meta":{"origin":36390,"position":1},"title":"Schon transfers half of Dubai Lagoon project to Xanadu to expedite completion","date":"March 1, 2017","format":false,"excerpt":"\r Schon Properties, the developer behind the stalled Dh7 billion Dubai Lagoon project in Dubai Investments Park, has agreed to transfer half of the beleaguered mega-project to another developer in an attempt to speed up delivery.Schon Properties said on Tuesday it had struck a deal with the Dubai developer and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-to-build-2000-room-hotel-overlooking-akoya-oxygen-golf-course\/","url_meta":{"origin":36390,"position":2},"title":"Damac to build 2,000-room hotel overlooking Akoya Oxygen golf course","date":"April 23, 2017","format":false,"excerpt":"\r Damac Properties has announced plans to build a five-tower hotel comprising 2,000 hotel rooms overlooking its planned Trump branded golf course at Akoya Oxygen.The Dubai-listed developer known for its high-profile tie- up with the US president Donald Trump's golf course operation, is marketing the hotel rooms to investors as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-to-build-hotel-in-dubai-internet-city\/","url_meta":{"origin":36390,"position":3},"title":"Arabtec to build hotel in Dubai Internet City","date":"October 4, 2016","format":false,"excerpt":"\r The UAE's largest listed builder, Arabtec, confirmed that it has been awarded a contract to build a hotel in Dubai Internet City. In a statement to the Dubai Financial Market on Monday morning, Arabtec said that it had won the contract for the Dh340 million five-star hotel project earlier\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meydan-to-build-luxury-hotel-to-replace-defunct-dubai-beach-club\/","url_meta":{"origin":36390,"position":4},"title":"Meydan to build luxury hotel to replace defunct Dubai beach club","date":"February 4, 2016","format":false,"excerpt":"\r Construction of the 260-bed Meydan Beach Hotel is due to complete in 2019\r \r Source : arabianbusiness.com\r Read more...Meydan to build luxury hotel to replace defunct Dubai beach club","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-plans-investments-in-abu-dhabi-and-dubai-as-it-starts-delayed-projects\/","url_meta":{"origin":36390,"position":5},"title":"Eshraq plans investments in Abu Dhabi and Dubai as it starts delayed projects","date":"January 23, 2017","format":false,"excerpt":"\r Eshraq Properties says it is pressing ahead with long-delayed projects in Dubai and Abu Dhabi with plans to invest Dh500 million in both emirates.The Abu Dhabi-listed developer started initial work on the Dh225 million Jumeirah Rise project in Jumeirah Village Circle in October. It said that construction would last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36390"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=36390"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36390\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}