Skai Holdings Sells Out All Suites In New Dubai Hotel Project

Dubai- based investment firm Skai Holdings has recorded sales worth Dhs927 million for suites in its new $1.2 billion hotel Suites in the Skai.

The company said that all available hotel suites and apartments in the 60-storey hotel were sold out.

Skai Holdings will retain the remaining areas such as the food and beverage outlets, meeting rooms, spa and retail, it said in a statement.

Suites in Skai, which is situated in the Jumeirah Village Circle, was officially launched in June and comprises 234 hotel rooms, 234 one and two bedroom apartments and 33 penthouses.

The 117 one-bedroom hotel apartments in the project will have an outdoor sky garden and a Jacuzzi while the 117 two-bedroom units will include an 18 square feet swimming pool and floor to ceiling windows with cascading water, the developer said.

The four bedroom apartments, spread across 3,000 square feet each, will include a 2,600 square feet sky garden with a soil depth of 4.2 feet that allow trees to be planted, an outdoor swimming pool and Jacuzzi accommodating up to eight people.

Suites in the SKAI will also feature five dining venues including an all-day dining concept, a lobby café, pool bar and grill, sports bar and a rooftop Chinese restaurant.

Other amenities include paddle tennis, gymnasium, fitness centre with outdoor yoga terrace and swimming pool, sauna and steam room and boutique spa.

The hotel tower will also include 17,000 square feet of retail space, a five-level podium car park, meeting facilities, and a kids club.

Construction of the hotel will begin in September 2014 while it is scheduled to be operational by 2017, the developer said.

China State Construction Engineering Corporation has been appointed the main contractor for the project while Atkins will be the lead consultants and architects.

“Dubai is one of the most exciting markets for hospitality and real estate globally,” said Kabir Mulchandani, Group CEO of Skai Holdings.

“The city is expecting 20 million visitors by 2020 and this together with its growing population and strong economic outlook will see the sector continue to flourish.

“SKAI Holdings sees a great deal of potential for upscale four-star concepts, which is one of the hospitality industry’s most resilient sectors.”

Skai Holdings is also working on Palm Viceroy, a $1 billion hotel project that has 200 serviced apartments on Palm Jumeirah.