RP Global partners with Jumeirah for US$ 1 bn iconic tower RP One
Posted on 4th September 2015
Leading property investment company RP Global has signed up Dubai-based hospitality group Jumeirah to operate a luxury hotel and the residences within its $1 billion iconic tower RP One.
The Jumeirah Business Bay will include a 200-room luxury Jumeirah hotel as well as 350 serviced apartments and 290 luxurious residences managed under the Jumeirah brand.
The super-tall tower will have a built-up area of over 3 million square feet, offering spectacular views of Downtown Dubai and Burj Khalifa, said Dr Ravi Pillai, the chairman of RP Group of Companies, the holding company of RP Global, after signing the deal with Gerald Lawless, the president and group CEO of Jumeirah Group.
"We are investing close to $1 billion of our own resources into Dubai’s real estate sector to develop a world-class tower that will be operated by the esteemed luxury hospitality brand, Jumeirah Group. RP Global is committed to superior quality and timely delivery and like Jumeirah, we strive to create well designed, innovative lifestyle concepts for our buyers," he noted.
"Dubai’s resident population is growing rapidly and we are looking forward to adding an iconic tower to Dubai’s skyline in partnership with Jumeirah," he added, according to tradearabia news report.
A luxury urban resort destination, Jumeirah Business Bay will include extensive food and beverage outlets, an award winning Talise Spa and Health Club, conference and banquet facilities and a dynamic open air, rooftop Sky bar.
The tower, which is located in the heart of Business Bay, behind the Dubai Metro station and parallel to Sheikh Zayed Road, has been designed by renowned architectural and engineering firm, Atkins Global. It is expected to be completed before the opening of Expo 2020, said the statement from RP Global.
One of the tower’s exciting features is the thrilling sky attraction, a dynamic interactive experience taking visitors high over the towers of Business Bay, it added.
Commenting on the deal, Lawless said: "RP Global is a company committed to excellence, and we look forward to working together and operating this outstanding property. Jumeirah has a reputation for luxury and exceptional hospitality, and our partnership reflects the strong synergies between Jumeirah Group and RP Global."
"As Dubai moves towards its tourism vision of receiving 20 million visitors a year by 2020, we are proud to be strengthening our Jumeirah portfolio in Dubai," he added.Back to all Construction News
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