Hotel operator Rezidor is the latest brand to expand in Dubai’s Business Bay as the Dubai Canal takes shape.
A part of the Carlson Rezidor Hotel Group, Rezidor expects to open two properties in the area besides another in Ras Al Khaimah by the end of 2018.
The five-star, 432-room Radisson Blu Hotel, Dubai Waterfront is expected to by ready the first quarter of next year, and the five-star, 204-room Radisson Blu Hotel, Dubai Canal View in the first quarter of 2018. Rezidor opened its first property in Business Bay in 2011.
The Dh703 million, 2.9-kilometre Dubai Water Canal, which links Business Bay to the Arabian Gulf, is expected to open by the end of the year. Besides berths for yachts, it will also feature a 5-kilometre boardwalk lined with food and beverage and retail outlets.
“This is one of the most prominent future locations in Dubai with its proximity to the mall and Burj Khalifa,” said Elie Younes, the executive vice president and chief development officer of the Rezidor Hotel Group.
“It is anticipated that the market will need another 50,000 rooms by 2020, and the demand is expected to grow significantly. During that journey, which is two to three years, there could be a period where supply overcomes demand but that is normal in all emerging markets.” More info