Nakheel-Centara JV awards $79.2 million Dubai resort contract
Parkway International Contracting has been appointed to deliver Centara Deira Islands Beach Resort – Centara’s first property in the UAE set to open in the fourth quarter of 2020.
Master developer Nakheel and Thai hotel group Centara Hotels & Resorts cemented their $136-million (Dh500 million) joint venture with the construction contract worth $79.2 million (Dh290.5 million) to build a 601-room four-star beachfront resort at Dubai’s Deira Islands.
With this contract, Nakheel’s infrastructure and construction investment at Deira Islands has surged to nearly $2.39 billion (Dh8.8 billion) so far, a statement said.
The family-centric resort will feature a waterpark, multiple restaurants, kids’ club, spa, fitness centre and business facilities. Out of the 601 rooms, 114 rooms are specifically for families, covering 450 sq ft. There are also rooms for people with special needs, standard rooms, deluxe rooms, suites and 1,200 sq ft duplexes.
Nakheel’s partnership with Centara is the developer’s second international joint venture at Deira Islands. Construction of the first, an 800-room, Dh670-million beachfront resort with Spain’s RIU Hotels & Resorts, is under underway, with anticipated completion in 2020.
Deira Islands is expected to transform the older part of Dubai into a hub for retail, tourism and leisure, and will add 40 km, including 21km of beach, to Dubai’s coastline.