{"id":5728,"date":"2016-02-25T01:10:56","date_gmt":"2016-02-24T18:10:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=5728"},"modified":"2016-02-24T22:19:00","modified_gmt":"2016-02-24T15:19:00","slug":"nakheel-in-deal-for-dubai-luxury-hotelnakheel-in-deal-for-dubai-luxury-hotel","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-in-deal-for-dubai-luxury-hotelnakheel-in-deal-for-dubai-luxury-hotel\/","title":{"rendered":"Nakheel in deal for Dubai luxury hotelNakheel in deal for Dubai luxury hotel"},"content":{"rendered":"


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\nNakheel 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 second property at the mall, a 372-room Premier Inn, is expected to open this year.Dubai’s ever-increasing number of hotel rooms, meanwhile, is putting downwards pressure on rates and occupancy.
\nLast month, the average room rate in Dubai was Dh914.09, a 10 per cent decline year-on-year, while occupancy slid 0.8 per cent year-on-year to 85 per cent, said the research company STR Global. In November, Dubai had 78,184 rooms, or a 5.5 per cent increase year-on-year, according to the latest data.Ibn Battuta Mall’s new 14-storey hotel will have direct access to it, and a link to the Dubai Metro.
\nThe mall is adding 766,000 square feet of retail and entertainment space. The expansion is expected to take three to five years, according to the developer. The mall currently receives 22 million visitors a year. The extensions will add about 1,000 shops to its current 300, and two multi-screen cinemas.Minor Hotel will also manage a 500-room Avani beachfront resort at Nakheel’s Deira Islands project.
\nThis month, the developer opened a 251-room ibis Styles hotel at Dragon Mart, and has another seven in the pipeline that are expected to take between two to five years to complete. A 320-room Premier Inn is in the works at Dragon City.Under construction is The Palm Tower, a 289-room hotel, that will be branded St Regis. The luxury hotel will occupy the first 18 floors of the 52-storey tower. Other projects include a joint venture with Spain’s Riu Hotels and Resorts for a 750-room, all-inclusive beachfront resort. Nakheel also has a joint venture with Thailand’s Centara Hotels and Resorts for a 550-room resort and water park, which is in the design phase, also at the Deira Islands.
\nssahoo@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Nakheel in deal for Dubai luxury hotelNakheel in deal for Dubai luxury hotel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nakheel signed up with Thailand’s Minor Hotel Group to manage the developer’s second property...<\/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-5728","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\/p75ss1-1uo","jetpack-related-posts":[{"id":5734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-in-deal-for-dubai-luxury-hotel\/","url_meta":{"origin":5728,"position":0},"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":[]},{"id":11022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/handovers-lift-nakheel-first-quarter-profit\/","url_meta":{"origin":5728,"position":1},"title":"Handovers lift Nakheel first-quarter profit","date":"April 20, 2016","format":false,"excerpt":"\r \r First-quarter profit at Nakheel increased by an annualised 8 per cent as it opened new shops and hotels and handed over homes.The Dubai government-owned property developer said net profit came in at Dh1.47 billion for the three months to the end of last month from Dh1.35bn a year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-begins-work-on-ibn-battuta-mall-expansion\/","url_meta":{"origin":5728,"position":2},"title":"Nakheel begins work on Ibn Battuta mall expansion","date":"February 16, 2017","format":false,"excerpt":"\r Nakheel has started construction work on its latest planned Dh850 million expansion at its Ibn Battuta shopping mall complex in Dubai.The Dubai Government-owned developer said that construction work on its second Ibn Battuta mall expansion started after it awarded a contract worth nearly Dh23m to Dubai-based National Gulf Constructions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42559,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-handovers-and-retail-expansion-drive-nakheel-to-record-figures\/","url_meta":{"origin":5728,"position":3},"title":"Property handovers and retail expansion drive Nakheel to record figures","date":"February 1, 2017","format":false,"excerpt":"\r Nakheel, the company that built Palm Jumeirah, yesterday said net profit last year increased by 13 per cent on higher property handovers and retail expansion despite a softening property market in Dubai. The government-owned developer, which was at the centre of the Dubai World crisis in 2009, said that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-reports-19-full-year-gain-despite-fall-in-q4-profit\/","url_meta":{"origin":5728,"position":4},"title":"Nakheel reports 19% full-year gain despite fall in Q4 profit","date":"February 4, 2016","format":false,"excerpt":"\r \r Fourth-quarter profit at the Dubai developer Nakheel fell by 28.7 per cent, company figures show, as Dubai's housing market continued to slow.According to figures provided by Nakheel, profit for the three months to the end of December 2015 fell to Dh770 million from Dh1.08 billion a year earlier.Nakheel,\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":5728,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5728"}],"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=5728"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5728\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}