Arab Today, arab today al habtoor restarts work on dh1bn palm hotel
Last Updated : GMT 00:22:39
Arab Today, arab today
Arab Today, arab today

Al Habtoor restarts work on Dh1bn Palm hotel

Arab Today, arab today

Arab Today, arab today Al Habtoor restarts work on Dh1bn Palm hotel

Dubai - Arabstoday

Al Habtoor has restarted work on a multimillion-dollar hotel development on Dubai's Palm Jumeirah after the project stalled three years ago when the economic downturn hit the emirate. The Dh1 billion (US$272.2m) 330-room property is expected to open in 2013. "Now we think it is the right time to start," said Khalaf Al Habtoor, the chairman of Al Habtoor Group. "There are a lot of visitors to the country. The tourism to the country is increasing from all over the world." The announcement follows Nakheel's launch last week of a townhouse development off the "trunk" of the Palm Jumeirah. Work originally started on the Habtoor Island Resort and Spa in 2007, but it was put on hold the following year, the company said. "We did the piling, the excavation, but afterwards we stopped," said Mr Al Habtoor. Some changes have been made to the original design of the luxury hotel that will be managed by "one of the most luxurious international hotel brands", the company said. Thirty five-star hotels were originally planned for the Palm Jumeirah island, with 14,000 rooms. But most were put on hold or cancelled as the property market soured. Now some signs of improvement are emerging with the Jumeirah Zabeel Saray opening on the island at the beginning of this year and a One&Only resort opening at the end of last year. Last week, Nakheel, the island's master developer, said it would start work on building the first new houses to be announced on the Palm in the past three years. Occupancy levels and average rates at hotels in Dubai are up on last year, partly because of unrest elsewhere in the region, which has meant tourists have favoured Dubai. "In general the hotel market is looking slightly better," said Harjinder Singh, a hotel consultant at CB Richard Ellis. "It has definitely picked up a bit compared to what it was last year. "The challenge with the Palm obviously is once all these properties come up, there will be a very stiff competition between these properties," said Mr Singh.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today al habtoor restarts work on dh1bn palm hotel Arab Today, arab today al habtoor restarts work on dh1bn palm hotel

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday