Another location will soon appear on the map of Dubai's most luxurious locations. Langham Place will be added to the estimated USD 4 billion portfolio of one of the leading Dubai developers Omniyat Group.
Dubai real estate market is now in dire need of new hospitality units to accommodate all the tourists, who will arrive in Dubai in bigger numbers annually until 2020, when The World Expo 2020 will take place here. Therefore, many local developers focus their efforts on creating decent accommodation for all the guests, as well as establishing all the appropriate infrastructure in line with the vision of the emirate's authorities regarding the development of the tourism sector.
"The Langham Place Downtown Dubai meets two of the utmost requirements of HNWIs property investors worldwide - owning an ultra-luxury branded development, and being in the heart of the tourist and business centre,” Mark Phoenix, Managing Director, Omniyat Group, said.
He added: "Mobilization work will begin in one week and will be complete in the first quarter 2017."
Situated in Business Bay, the complex will have views of Dubai Canal being now under construction. Having a total built-up area of 65,000 square meters the development will house The Langham Place hotel with 167 rooms and Langham Place Residences with 239 five-star serviced apartments. Of course, this high-end luxury complex just couldn’t do it without public ultra-class amenities like swimming pools, exclusive spas, state-of-the-art gymnasium, children's areas, shopping facilities, cafes and restaurants.
In this respect it is also interesting to know that Dubai recently took the fourth position in JLL’s rating of the most popular world’s shopping destinations. 35% of the most exclusive global luxury brands are concentrated in Dubai, which adds another plus to the list of the emirate’s advantages as the best modern city for living and having fun.