Dubai developer preparing to launch leisure project worth AED3.2bn
– Nakheel chair Ali Rashid Lootah
Dubai development giant Nakheel is preparing to unveil a range of leisure projects worth more than AED3.2bn (US$871.2m, €727.5m, £666.9m) at the forthcoming Cityscape Global 2017 conference in the emirate.
The company will launch six new residential, retail and hospitality developments for four of its communities in Dubai – including one of its its best-known locations: the tree-shaped Palm Jumeirah.
Nakheel chair Ali Rashid Lootah said: “The Nakheel name is synonymous with current and future developments that will further enhance the city’s position as a world-leading location for living, leisure, business and tourism.
“At Cityscape, we will demonstrate our pivotal role in realising the Government of Dubai’s vision for 2021, and highlight Dubai’s unrivalled investment opportunities for investors.
“We continue to deliver and diversify in line with government goals and our own business strategy. And while development remains our core business, we are focussing on growing our hospitality, retail and leasing divisions by creating a range of new hotels, resorts, F&B destinations, malls and tourists attractions across the city.”
The developer, whose projects currently span 15,000 hectares and accommodate more than 270,000 people, already has more than AED50bn worth of projects under way in terms of infrastructure and construction costs.
Hospitality developments in the pipeline include a 5.3sq km (5.9sq mile) beachfront resort on Dubai’s Deira Islands; a waterpark and resort on the same island chain; and a St Regis hotel near Palm Jumeirah, featuring one of the world’s highest infinity pools.
It has awarded construction contracts worth AED7bn (US$1.9bn, €1.6bn, £1.4bn) so far this year, and expects the figure to exceed AED12bn (US$3.2bn, €2.7bn, £2.5bn) by the end of 2017.
Cityscape Global 2017 is billed as the world's largest networking exhibition and conference on property development. It will take place from 11-13 September at the Dubai International Convention and Exhibition Centre.
Nakheel Dubai development leisure Palm Jumeirah Cityscape Global 2017 Ali Rashid LootahNakheel and Centara join forces to create four-star beachfront resort
Firm appointed to oversee multi-million dollar Dubai resort and waterpark
New Dubai St Regis will have a 700ft-high swimming pool offering stunning city views
Avani Dubai set to open in 2018 on Nakeel's new waterfront islands
Nakheel launches new leisure division
Schletterer to create two spas on the Palm Jumeirah
Nakheel examines Dubai’s tourism
GoCo Health Innovation City in Sweden plans to lead the world in delivering wellness and new science
Aman sister brand Janu debuts in Tokyo with four-floor urban wellness retreat
€38m geothermal spa and leisure centre to revitalise Croatian city of Bjelovar
Two Santani eco-friendly wellness resorts coming to Oman, partnered with Omran Group
Kerzner shows confidence in its Siro wellness hotel concept, revealing plans to open 100
Ritz-Carlton, Portland unveils skyline spa inspired by unfolding petals of a rose
Rogers Stirk Harbour & Partners are just one of the names behind The Emory hotel London and Surrenne private members club
Peninsula Hot Springs unveils AUS$11.7m sister site in Australian outback
IWBI creates WELL for residential programme to inspire healthy living environments
Conrad Orlando unveils water-inspired spa oasis amid billion-dollar Evermore Resort complex
Studio A+ realises striking urban hot springs retreat in China's Shanxi Province
Populous reveals plans for major e-sports arena in Saudi Arabia
Wake The Tiger launches new 1,000sq m expansion
Othership CEO envisions its urban bathhouses in every city in North America
Merlin teams up with Hasbro and Lego to create Peppa Pig experiences
SHA Wellness unveils highly-anticipated Mexico outpost
One&Only One Za’abeel opens in Dubai featuring striking design by Nikken Sekkei
Luxury spa hotel, Calcot Manor, creates new Grain Store health club
'World's largest' indoor ski centre by 10 Design slated to open in 2025
Murrayshall Country Estate awarded planning permission for multi-million-pound spa and leisure centre
Aman's Janu hotel by Pelli Clarke & Partners will have 4,000sq m of wellness space
Therme Group confirms Incheon Golden Harbor location for South Korean wellbeing resort
Universal Studios eyes the UK for first European resort
King of Bhutan unveils masterplan for Mindfulness City, designed by BIG, Arup and Cistri
Rural locations are the next frontier for expansion for the health club sector
Tonik Associates designs new suburban model for high-end Third Space health and wellness club
Aman sister brand Janu launching in Tokyo in 2024 with design by Denniston's Jean-Michel Gathy
The Peninsula London unveils Peter Marino-designed spa inspired by London’s famous parks
First glimpses revealed of Mandarin Oriental, Mayfair's subterranean spa retreat
"Architecture is alive" says Ma Yansong, as Shenzhen art museum opens exhibition showcasing work of MAD Architects
Three years after Pegasus Capital bought Six Senses, how close is the private equity firm to realising its goals for its first spa and hospitality investment? Pegasus’ founder Craig Cogut tells us what’s been achieved and what comes next