Dubai’s Nakheel says Dhs670m RIU resort taking shape

Dubai property developer Nakheel and Spain’s RIU Hotels and Resorts have announced progress of their Dhs670m ($182.4m) hotel joint venture taking shape on Deira Islands.

Nakheel, which awarded a Dhs385m ($104.8m) construction contract for the project to the Dubai unit of Saudi Arabia’s Bin Ladin Contracting Group in January, said all accommodation floors were almost complete and roofing work was underway.

Read: Dubai’s Nakheel awards $105m contract for RIU resort

Inside, floor tiling in the corridors and 800 rooms is ahead of schedule and outside its three swimming pools and restaurant and amenity buildings are underway.

Façade and installation work at the nine-story property will begin next year, with delivery expected at some point in 2019, the developer said.

The resort is the first international joint venture by Nakheel and Dubai’s first all-inclusive four-star family hotel.

Located on the seafront of Nakheel’s 15.3sqkm Deira Islands mega project, it features seven restaurants, three pools, a fitness centre, children’s club and waterpark.

Two other major Nakheel projects, The Night Market and Deira Mall, are within the vicinity.

Nakheel has invested more than Dhs8.8bn ($2.39bn) on the development of Deira islands so far.

The project will add 40km to the Dubai coastline and is expected to have a population of 250,000 and create 80,000 jobs when finished.

The developer has a further 15 projects as part of a Dhs5bn ($1.36bn) hospitality expansion programme encompassing 6,000 rooms.