(MENAFN- Khaleej Times) The 250000sqft plots of land are allocated for three- and four-star hotel projects with over 2200 hotel rooms.
al ruwad real estate consultants announced the launch of eight plots in the al jaddaf area for investors in the hospitality industry.
the 250000sqft plots of land are allocated for three- and four-star hotel projects with over 2200 hotel rooms. preliminary approvals from the concerned authorities have been already obtained a senior official said.
this move comes after his highness shaikh mohammed bin rashid al maktoum vice-president and prime minister of the uae and ruler of dubai approved “dubai’s new tourism vision for 2020” which aims at attracting over 20 million visitors annually by 2020 trebling the sector’s contribution to the emirate’s economy to almost dh300 billion.
al ruwad managing director ismail al hammadi stressed that the launch reflects the effective input of one of the national establishments whose strategy is based on the vision of dubai’s wise leadership. by launching well-planned projects based on market trends and data al ruwad strives to help translate this vision into facts and figures.
“as part of our many initiatives we want to open the door for investors and economic activities of small and medium enterprises to take an energetic role in the promotion of the real estate scene. as for the al jaddaf area i say why not al jaddaf; it is the meeting point of the two parts of dubai creek deira and bur dubai and reflects the heritage attractiveness with its new semblance” al hammadi said.
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