Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Nakheel signs Shangri-La for luxury hotel on Palm Jumeirah  Join our daily free Newsletter

MENAFN - Khaleej Times - 10/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Nakheel is set to bring another world-famous name in hospitality to dubai?s palm jumeirah with the signing of a letter of intent (loi) with hong kong-based shangri-la hotels and resorts.

nakheel and shangri-la have inked an loi for the management of a luxury hotel in the palm tower nakheel’s new five-star 52-level hotel and residential complex to be constructed at the heart of the palm jumeirah.

the palm tower comprises 504 high-end furnished apartments and a luxury hotel with 290-rooms and suites occupying the first 18 floors of the building. the landmark project will feature an array of top-flight facilities including a rooftop leisure and dining complex offering panoramic uninterrupted views of palm jumeirah the arabian gulf and the dubai skyline.

the rooftop complex includes a 50th floor 360 degree infinity swimming pool — the highest in dubai — bordering all four sides of the building. above the pool is an enclosed restaurant and function facility topped by a public viewing deck on the 52nd level.

“palm jumeirah is synonymous with luxury living and leisure. our new partnership with shangri-la further reinforces the island’s position as a global destination offering unrivalled world-class facilities for dubai’s residents and tourists” nakheel chairman ali rashid lootah said.

“the palm tower will be our flagship hotel and the ultimate address on palm jumeirah. we are delighted to bring shangri-la and its world-renowned service and hospitality to what will be the new centrepiece of palm jumeirah and a stunning new landmark for dubai” he said.

greg dogan shangri-la president and ceo said the palm tower’s strategic position at the heart of the palm and alongside the nakheel mall makes the hotel the ideal location for anyone visiting palm jumeirah.

“the island is the ultimate address for a luxurious stay in dubai for both visitors and uae residents and we are thrilled to partner with nakheel to open a shangri-la hotel in this must-visit destination.”

the palm tower on which construction is due to start this year will be directly linked to nakheel mall a new 418000 square metre retail and entertainment destination with 300 shops offering everything from everyday conveniences to the best in luxury goods. nakheel mall will also feature a diverse range of food and beverage outlets including 12 fine dining restaurants on its roof terrace as well as cinemas a medical centre and fitness centre. nakheel has awarded a contract for dh1.2 billion for the mall’s construction which is expected to start soon.

the palm tower is one of nine hotels in the pipeline for nakheel.

— muzaffarrizvi?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Oct 31 2014 - Saudi Arabia's Sedco Capital eyes $300m Europe real estate dealThe Peninsula
(MENAFN - The Peninsula)  Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg ...

 Oct 31 2014 - Qatar Exchange index falls on heavy sell-offThe Peninsula
(MENAFN - The Peninsula)  Qatari stocks plunged on heavy profit-taking yesterday, a day after Federal Reserve announced its decision to wound up its over five-year-long quantitative easing stimulus ...

 Oct 31 2014 - Kuwait prioritizes protection of human rights - EnvoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The State of Kuwait on Thursday reaffirmed respect for human rights out of belief in their crucial role in the achievement of sustainable development.The Kuwaiti ...

 Oct 31 2014 - Kuwait welcomes Sweden's recognition of Palestinian statehoodKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Kuwait welcomes Sweden's decision to recognize Palestine as an independent state, a senior Foreign Ministry source said on Thursday.The decision comes in line ...

 Oct 31 2014 - Ban condemns Sudan hostilitiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  UN Secretary General Ban Ki-moon strongly condemned the resumption of hostilities between the Sudan People's Liberation Army (SPLA) and Opposition forces in ...

 Oct 31 2014 - US, Israeli officials discuss ISIL, IranKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Senior US officials working on the Obama Administration's counterterrorism strategy met with their Israeli counterparts on Thursday for the semi-annual meeting ...

 Oct 31 2014 - Kuwaiti Speaker condemns Israeli closing of Aqsa MosqueKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  We condemn the unjustly Israeli act of closing the Holy Aqsa Mosque in the face of worshippers, Kuwait's National Assembly Speaker and Chairman of the Arab ...

 Oct 31 2014 - S. Korean Pres. calls for more economic ties with Saudi ArabiaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  South Korean President Park Geun-hye on Friday called for expanding economic ties with Saudi Arabia, saying the two countries should seek exchanges in new areas ...

 Oct 31 2014 - EU condemns ISIL atrocities in IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The EU Friday expressed condolences to the families of the tribesmen who were killed in recent ISIL atrocities in the Anbar province, as well as to the families ...

 Oct 31 2014 - OPEC basket price down by 45 cents to USD 82.79 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))   OPEC daily basket price stood at USD 82.79 a barrel Thursday compared with USD 83.24 the previous day, the cartel said on Friday.The annual rate of the OPEC ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help