Dubai's Al Habtoor group announces 3 mega projects worth US$ 547 mn
Posted on 9th December 2014The Al Habtoor Group has unveiled three new mega projects in Dubai worth AED 2.01 billion (US$ 547 million).
Khalaf Ahmad Al Habtoor, founder and chairman of the Group, confirmed that work is already underway at the Al Habtoor Polo Resort & Club, worth AED 993 million (US$ 270 million); and the Metropolitan Sheikh Zayed Road and Oasis Villas – costing AED 1.02 billion (US$ 277.6 million), according to news reports on Construction Week Online.
“I am delighted to be unveiling today the plans for these magnificent projects, which will be major new landmarks in Dubai and play a key part in delivering continued growth both for the UAE and for ourselves,” Al Habtoor said.
The Al Habtoor Polo Resort & Club, due for completion in 2017, will include a five-star hotel with up to 136 keys in addition to 162 luxury bungalows. In addition, there will be a polo club, a polo academy, and a riding school with 500 stables.
The exclusive 6 million square feet inland development is adjacent to Emirates Road and the Dubai-Al Ain Road, and within close proximity to Zayed University. The resort will be designed by well-known British architects WS Atkins & Partners.
Mohammed Al Habtoor, vice-chairman and CEO said: “The new Al Habtoor Polo Resort & Club will be a wonderful addition to the range of world class facilities that both visitors and residents can enjoy.”
The Metropolitan Sheikh Zayed Road is a four-star boutique hotel in a prime location. The hotel, forecast for completion in 2016, will have a total of 334 rooms and suites.
Group chairman, Khalaf Ahmed Al Habtoor, said: “We are pleased to bring back an old favourite. We started out in the hotel business in 1979 with the Metropolitan Hotel, so it is fitting as we approach our 45th anniversary that we should revive an established brand that is so much part of our heritage.”
The Metropolitan Sheikh Zayed Road will also incorporate a lobby café, an outdoor courtyard café, an all-day dining restaurant and Don Corleone Italian restaurant. Other facilities include a ballroom with a pre-function room, five meeting rooms with breakout areas, a business centre and rooftop swimming pool and gy millionasium. The hotel, designed by Khatib & Alami, will also see the revival of the Red Lion traditional English pub.
Expanding on its real estate business, the Al Habtoor Group is building Oasis Villas, a residential development alongside the Metropolitan Sheikh Zayed Road.
Due for completion in 2016, the upmarket residential complex, with extensive landscaping, will consist of 74 units located in the heart of Jumeirah – situated at the junction of Sheikh Zayed Road and Al Thanya Street. The four, five and six bedroom villas will occupy a built up area of 20,947 square meters.
The residential complex will provide residents with access to a fully-equipped gy millionasium, communal swimming pool, children’s play area and a jogging track.
In the past two years alone, the Group opened the five-star Waldorf Astoria Dubai Palm Jumeirah, and is ahead of schedule with the Al Habtoor City project. The multi-use development, on the banks of the Dubai Water Canal, will incorporate three luxury Starwood branded hotels (St. Regis, W hotel, Westin).
In addition, the complex will be home to the region’s first permanent water-themed theatrical production by Franco Dragone Entertainment Group. It will also feature a tennis academy, a European-style boulevard lined with shops and cafés leading to the Dubai Water Canal. Alongside the hotels, the Al Habtoor Group is building three high-rise residential blocks complete with ultra-luxury penthouses and full facilities.
The chairman added: “In total our investments in the UAE over the past 24 months have amounted to in an excess of AED15billion (US$ 4billion). This shows how much we are growing.”
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