Dubai: Master developer Nakheel is assessing 10 proposals for the construction of its new, 800-room RIU beachfront resort at Deira Islands, with the lowest bid at Dh363 million.
The all-inclusive beachfront resort — a joint venture between Nakheel and leading Spanish hospitality group RIU Hotels & Resorts — is set for delivery in 2020, with a construction contract awarded by the end of 2017.
With a total investment value of Dh670 million, the resort is RIU’s first in the Middle East and one of Dubai’s biggest in terms of hotel rooms.
It will bring a new hospitality concept to Dubai, offering mid-scale, family-orientated, all-inclusive beachfront accommodation.
