Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

Nakheel to build 550-room hotel in Deira

03.11.2015
Nakheel to build 550-room hotel in Deira
Dubai leading developer Nakheel plans to build a new hotel in Deira together with Centara, Thai hotel brand.

One of Dubai's largest developers Nakheel plans to expand its hospitality portfolio with a new 550-room resort in Deira, which is going to be constructed in collaboration with Centara Hotels & Resorts, Thailand’s leading hotel operator.

New beachfront hospitality complex with its own water park will be located on the Deira islands in Dubai. This development is going to be the first hospitality project managed by Centara in the UAE. Currently, the brand operates 67 hotels around the world, including the Middle East.

Deira hospitality complex by Centara and Nakheel will be located in close proximity to the Deira Night Market and Deira Mall, having about 6,400 stores, restaurants and cafes between them.

This is the third joint venture agreement for hotels in the area of Deira signed by Nakheel this year. The developer’s portfolio also includes hotels and serviced apartment complexes on the island of Palm Jumeirah, in Dragon City, as well as in Ibn Battuta Mall in Dubai.

Besides, Nakheel is in charge for constructing 1800 new hotel units in Deira through joint ventures with other international partners, such as RIU, the Spanish hotel brand, and Minor Hotel Group Thai operator.

Nakheel Chairman Ali Rashid Lootah said: “We are committed to partnering with reputable international hotel brands to bring new tourism concepts to Dubai in line with the Government of Dubai’s tourism vision.”

With the creation and development of the manmade Deira islands Dubai coastline will increase by 40 km, including 21 km of beachfront added.

Latest Availability
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
SALE
2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
0 AED/ft2
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management