{"id":44734,"date":"2017-02-20T01:16:10","date_gmt":"2017-02-19T18:16:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=44734"},"modified":"2017-02-19T22:41:24","modified_gmt":"2017-02-19T15:41:24","slug":"nakheel-chief-hopes-to-attract-partners-for-two-more-deira-islands-resorts-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-chief-hopes-to-attract-partners-for-two-more-deira-islands-resorts-this-year\/","title":{"rendered":"Nakheel chief hopes to attract partners for two more Deira Islands resorts this year"},"content":{"rendered":"


\nNakheel is in talks with two more potential joint venture partners for resort hotels at its Deira Islands project, which will conclude “hopefully this year”, the chairman of the Dubai developer said on Sunday. Nakheel has retained the larger plots along a 6-kilometre stretch of beach linking the first two islands under development at the site for resorts, but has been leasing 94 smaller plots of between 50,000 and 670,000 square feet to hotel and serviced apartment operators at other waterfront locations. Agreements for 35 of these have already been signed.”All of the resort plots we are trying to keep for Nakheel and have JVs with interested parties,” Ali Rashid Lootah said. “We already signed two and we have two more in the pipeline. We have more.”In total, it is planning to build five resort hotels at Deira Islands.Mr Lootah also said that the 5,300-unit, Dh1.57 billion night souq being built alongside a promenade facing the existing Deira shoreline will be ready for traders to fit out their units in the first half of 2018, with the project opening to the public by the end of next year. These sit on a 2km-long, 400 metre-wide site and will be accompanied by 96 cafes and restaurants. The night souq has been fully let and will generate rents of about Dh300 million a year.”The rate we leased it at was very attractive,” Mr Lootah said. “People know what the rate is in Deira, so people who had a vision – they jumped on it.”Currently there are close to 3,000 people working on the night souq site, where Unec is main contractor. A further 220 people are working for contractor Van Oord on coastal works, which will be ready by July. Early infrastructure works have already completed, while second phase works involving utilities will complete next year on Island A and by 2019 on Island B.Nakheel said that it has already awarded Dh3bn worth of contracts to date, with more expected soon. Bids to build its Dh4bn Deira Islands Mall need to be submitted by contractors today and a tender inviting contractors to bid for work at its Dh5bn Deira Islands Boulevard site containing 16 residential towers for lease was issued last month.In total, the four islands at the project will contain over 15.3 square kilometres of land. However, only the two closest to Deira’s corniche are currently under development – the 5.1 sq km Island A and the 3.2 sq km Island B – with a view to them being ready by the end of 2020.Dredging and reclamation works for Island C – the biggest at over 6.7 sq km and Island D have been carried out, but as yet there is no start date for their development.”It’s a future plan,” Mr Lootah said. “We’re focusing with the first two.”When eventually complete, Deira Islands will add a further 40km of coastline (21km of which will be beaches) to Dubai’s waterfront. It is expected that 250,000 people will live on the islands, which will be home to 6 million sq ft of Nakheel-developed retail space.The Deira Islands project was unveiled in October 2013 as a scaled-back version of the previously proposed Palm Deira project initially launched in 2004. It stalled during the financial crisis when Nakheel became part of the Dubai World debt crisis. However, the developer has subsequently turned around its finances. Last week, it announced a 13 per cent increase in net profit for 2016 to Dh4.96bn, which was achieved despite repaying a Dh4.3bn sukuk that cleared its debt obligations relating to the crisis.mfahy@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Nakheel chief hopes to attract partners for two more Deira Islands resorts this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nakheel is in talks with two more potential joint venture partners for resort hotels at...<\/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-44734","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-bDw","jetpack-related-posts":[{"id":40089,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-makes-a-deal-with-thailands-centara-for-deira-islands-beachfront-resort\/","url_meta":{"origin":44734,"position":0},"title":"Nakheel makes a deal with Thailand's Centara for Deira Islands beachfront resort","date":"January 9, 2017","format":false,"excerpt":"\r Nakheel has signed a joint venture with Thailand-based Centara Hotels and Resorts, paving the way for a Dh500 million beachfront resort on its Deira Islands project in Dubai. The developer had first announced a potential tie-up with Centara in October 2015. Nakheel said that the 500-bed resort would be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-signs-deal-for-all-inclusive-resort-on-deira-islands\/","url_meta":{"origin":44734,"position":1},"title":"Nakheel signs deal for all-inclusive resort on Deira Islands","date":"February 16, 2016","format":false,"excerpt":"\r \r Nakheel has signed a deal with Spain's Riu Hotels & Resorts to develop a US$170 million resort at its Deira Islands project.The joint venture deal between the Dubai developer Nakheel and family-owned Riu will involve the opening of a 750-room, 24-hour, all-inclusive family resort on Deira Islands.The deal\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40697,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-seeks-contractors-for-its-deira-islands-boulevard\/","url_meta":{"origin":44734,"position":2},"title":"Nakheel seeks contractors for its Deira Islands Boulevard","date":"January 15, 2017","format":false,"excerpt":"\r Dubai-based developer Nakheel said on Sunday it is inviting contractors to submit bids to build the new Dh5 billion Deira Islands Boulevard.The company will issue a tender for the construction of 16 residential towers containing 2,924 town houses and apartments spread over four clusters, it said. Each cluster will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51727,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-awards-dh4-2-billion-deira-mall-project-to-unec\/","url_meta":{"origin":44734,"position":3},"title":"Nakheel awards Dh4.2 billion Deira Mall project to Unec","date":"April 13, 2017","format":false,"excerpt":"\r Nakheel has awarded a contract worth Dh4.2 billion to build the new 10.3 million square feet mall at its Deira Islands master development to United Engineering Construction (Unec) as the Dubai-based developer expects an increase in contract awards this year.The company said that compaction work to prepare the four\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-focuses-on-hospitality-with-deira-islands-plan\/","url_meta":{"origin":44734,"position":4},"title":"Nakheel focuses on hospitality with Deira Islands plan","date":"April 14, 2017","format":false,"excerpt":"\r Nakheel's Deira Islands will be home to 28,000 hotel rooms and serviced apartments when fully complete, the developer said.The hotels spread over 128 plots will be a mix of third party developers and Nakheel joint ventures with two huge resorts planned and another three on the drawing board. \"We\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-in-deal-for-dubai-luxury-hotel\/","url_meta":{"origin":44734,"position":5},"title":"Nakheel in deal for Dubai luxury hotel","date":"February 25, 2016","format":false,"excerpt":"\r \r Nakheel signed up with Thailand's Minor Hotel Group to manage the developer's second property at Ibn Battuta Mall in Dubai.The mall, which is undergoing an expansion, expects to open the 372-room property in 2018. It will be branded as one of the upscale Avani Hotels and Resorts. A\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\/44734"}],"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=44734"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}