Skai Holdings, the Dubai-based real estate investment firm, today unveiled plans for its new $1 billion (Dh3.67 billion) hotel and furnished residences project on the Palm Jumeirah, Dubai.
The development will be operated by Viceroy Hotel and Resorts, marking the company's first venture into Dubai and its second in the UAE alongside sister property Yas Viceroy Abu Dhabi.
Construction has begun, with completion and grand opening slated for the last quarter of 2016.
Viceroy Dubai Palm Jumeirah will have 481 large rooms and suites, and 221 signature Viceroy Residences – all with breathtaking views of the Arabian Sea.
The property's attractive location is situated at the base trunk of The Palm Jumeirah archipelago, making it easily accessible from the mainland of Dubai.
The location is ideal being only 12 minutes from DownTown Dubai – a key business and tourist destination in the heart of the city – and 5 minutes from Mall of the Emirates, another key tourist destination in Dubai. It is also 5 minutes away from other business and tourist attractions such as the Dubai Marina and Dubai Media City.
Kabir Mulchandani, CEO, Skai Holdings, said: "Viceroy Dubai Palm Jumeirah will offer the best of all worlds. It is a luxury urban beach resort in the heart of Dubai. It is a family retreat as well as an exciting entertainment destination and its exceptional banqueting and business facilities make it ideal for corporate use. The property will be everything for everyone! We have partnered with Viceroy Hotels and Resorts as the brand is renowned for delivering enchanting lifestyle experiences and intuitive service in sought-after locations around the world."
"This property marks our first foray into the Dubai market and is a milestone in our growth in the region," said Bill Walshe, CEO of Viceroy Hotel Group.
"Our market entry is perfectly timed and our partnership marks the coming together and collaboration of two success stories in the real estate and hospitality industries. We expect this property to set a new bar in beachfront luxury, not just for Dubai, but anywhere in the world."
The property will boast 10 of the world's best restaurants along with a gourmet market and bakery.
It will have over 800 square meters of wellness spa facilities including 10 treatment rooms with indoor and outdoor treatments for women and men. The resort will have over 350 square meters of indoor fitness facilities with spectacular sea views and three separate outdoor swimming pools – a 106 meter pool for recreation, and the other two for relaxation and children.
It will also have beach club facilities with beach and sports activities. A children's center with activities and childcare facilities will allow adults to enjoy the resort with no limitations. The facility will also have a library and relaxation lounge. The property will also provide extensive banqueting and business facilities.