UAE: Union Properties (UP), a Dubai developer, is set to launch a four-star boutique hotel and 50 serviced apartments in Dubai Investment Park (DIP).
A company spokesperson said: "We will be building a boutique
hotel, which will consist of 150 rooms and 50 serviced apartments.
A hospitality consultant has been appointed for market
The developer, which is listed on Dubai Financial Market, is planning to operate and manage at least 1,000 keys in the coming five years. It has not released a timescale for the boutique hotel.
"That is our plan for the future. We are also working on many things such as a leisure and entertainment district in MotorCity with the aim to make the development a unique family destination," said company general manager Ahmad Khalaf Obaid Bin Touq Al Marri.
"Dubai's Expo 2020 win has propelled us to fasten the pace of implementing our business strategy… what we would have announced a few years later, we are announcing now," he added.