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Nakheel And Austrian Developer To Build USD 160 Million Dubai Resort

Nakheel plans to team up with Austrian hotel chain Vienna House to create a USD 160 million, 600-room beach resort in Dubai.

Under a planned partnership, the two companies will build a beachfront holiday complex, Vienna House Deira Beach, at Deira Islands, a series of artificial islands built off the Northern coast of Dubai.

The agreement is still at the letter of intent stage, but if it goes ahead, this will be the third hospitality joint venture at Deira Islands. Nakheel says it already has 1,400 hotel rooms underway at the destination through JVs with Spain’s RIU Hotels and Resorts and Thailand’s Centara Hotels and Resorts.

“Our ongoing strategy is to bring new, highly-reputable hospitality brands and concepts to Dubai as part of our commitment to supporting the government in realising its tourism vision,” said Nakheel Chairman Ali Rashid Lootah. “Vienna House at Deira Islands will be a shining example of how this strategy is coming to fruition.”

Nakheel has big plans for Deira Islands, which were originally intended to be Dubai’s third Palm, after Palm Jumeirah and Palm Jebel Ali.

The developer plans to build eight hotels and resorts at Deira Island, across different categories including five star and all-inclusive, along with two flagship attractions, Deira Mall and Deira Islands Night Souk.