Nakheel News

Nakheel signs for 550-room hotel with Centara in Dubai

Nakheel signs for 550-room hotel with Centara in Dubai

10 January 2017 Hotel News

UAE master developer Nakheel and leading Thai hotel group Centara Hotels & Resorts have signed a joined venture agreement to create a 550-room million beachfront resort with waterpark at Deira Islands in Dubai. Under the agreement, cemented in Bangkok by Nakheel chairman Ali Rashid Lootah and Centara chairman Suthikiati Chirathivat, the two companies will deliver an upscale resort on a prime stretch of beach on Deira Islands.

Shangri-La sets its sights on Palm Jumeirah

Shangri-La sets its sights on Palm Jumeirah

22 June 2014 Hotel News

Shangri-La Hotels and Resorts and Dubai-based real estate developer Nakheel have signed a letter of intent for Shangri-La to manage a 290-room hotel in The Palm Tower on Palm Jumeirah.  The parties expect to sign a comprehensive hotel management agreement for the property in the coming weeks.

Nakheel inks deal with Accor for Dragon Mart Hotel

Nakheel inks deal with Accor for Dragon Mart Hotel

13 April 2014 Press Release Hotel News

Dubai-based master developer Nakheel today signed a management agreement with Accor for its 250-room hotel at Dragon Mart. The hotel, one of nine planned by Nakheel over the next five years - will be managed by Accor under the ibis Styles brand. Construction is now substantially complete.

Abu Dhabi wards off Dubai meltdown

Abu Dhabi wards off Dubai meltdown

30 November 2009 Tourism News

Global stock markets have breathed a sigh of relief after Abu Dhabi stepped in to prevent the financial collapse of its neighbour Dubai. The Central Bank of United Arab Emirates, based in Abu Dhabi, said it will support banks in the region to prevent a Lehman Brothers-style meltdown.

Middle East showing signs of recovery

Middle East showing signs of recovery

15 September 2009 Tourism News

The Middle East is well placed to bounce back from the current economic crisis, according to research from global travel management company HRG. HRG believes that the region’s large number of international flight connections and investments in both infrastructure and hotels means the market is in a good position to bounce back from the downturn.

Nakheel opens Palm monorail

19 May 2009 Press Release Tourism News

Nakheel has opened the Palm Monorail in Dubai. The monorail, which is now running four trains between the Gateway Towers and Atlantis stations, has a capacity of 2,400 passengers per hour per day.

Nakheel invests in Fontainebleau Miami

11 April 2008 Press Release Hotel News

Fontainebleau Resorts has announced that Nakheel Hotels has invested $375 million in exchange for a 50% interest in the Company’s iconic Fontainebleau Miami Beach resort.