Jumeirah Group has been selected to operate a mixed-use development within a new $1 billion tower in Business Bay by property investment company RP Global.
The Jumeirah Business Bay will include a 200-room luxury Jumeirah hotel as well as 350 serviced apartments and 290 luxury residences managed under the Jumeirah brand.
Located in the heart of Business Bay, the super-tall tower will have a built-up area of over three million square feet and is expected to be completed before the opening of the World Expo 2020 event.
A luxury urban resort destination, the tower will include extensive food and beverage outlets, a Talise Spa and Health Club, conference and banquet facilities and an open air rooftop Sky bar.
Gerald Lawless, president, Jumeirah Group, said: “RP Global is a company committed to excellence, and we look forward to working together and operating this outstanding property.
“As Dubai moves towards its tourism vision of receiving 20 million visitors a year by 2020, we are proud to be strengthening our Jumeirah portfolio in Dubai.”
Jumeirah Group currently operates 23 hotels in Europe, the Middle East and Asia, and has a further 25 Jumeirah and Venu properties in the development pipeline.
RP Global has executed projects worth over $25 billion globally and has wide-ranging investments in hospitality, construction and industrial development, healthcare and wellness, education and trading, and operates across Middle East, Africa, Australia and Asia.
Ravi Pillai, chairman, RP Group of Companies, the holding company of RP Global, added: “We are investing close to $1 billion of our own resources into Dubai’s real estate sector to develop a world-class tower that will be operated by the esteemed luxury hospitality brand, Jumeirah Group.
“RP Global is committed to superior quality and timely delivery and like the Jumeirah Group, we strive to create well designed, innovative lifestyle concepts for our buyers.
“Dubai’s resident population is growing rapidly and we are looking forward to adding an iconic tower to Dubai’s skyline in partnership with Jumeirah.”
The Jumeirah Group operate ten world class properties in Dubai. The Burj Al Arab, which recently appointed a new hotel manager, was named World’s Leading Luxury All Suite Hotel, Middle East’s Leading All Suite Hotel and Dubai’s Leading Hotel by the World Travel Awards in 2015.
The Jumeirah Zabeel Saray was named World’s Leading Resort Residences by the World Travel Awards in 2015. Meanwhile the Madinat Jumeirah was named World’s Leading MICE Hotel by the World Travel Awards in 2015.