Dubai Investment Park to gain eight new hotels and serviced apartment projects

George Sell By George Sell
05 April 2015 | Updated 05 April 2015

UAE: Eight new hotels and serviced apartment buildings will be built over the next five years within Dubai Investments Park [DIP].

DIP is one of the largest integrated residential and business communities in the Middle East. The projects will take the total number of hotels within DIP to 11, capitalising on its proximity to Al Maktoum Airport and Expo 2020 site.

The new projects, to be built by individual investors, will increase the room stock in the area to approximately 2,000. Among the developers active in DIP is Union Properties which is building a hotel which will feature 150 rooms and 50 serviced apartments.

Omar Al Mesmar, general manager of DIP, said: "Since its inception, Dubai Investments Park has always been the preferred destination for businesses and residents, due to its closeness to Jebel Ali Port and other strategic developments. DIP's proximity to both Al Maktoum International Airport and the Expo 2020 site is leading to increasing demand for quality hotel and serviced apartment projects to cater to the anticipated tourists flow."

"The new projects are in line with DIP's core objective to provide additional choices, better lifestyle services and affordable stay options for residents, visitors and tourists alike - which is integral to Dubai's overall strategy to boost its tourism potential. At least three more investors who own land in DIP are contemplating to enter the hospitality sector with new hotels, which is a testimony to the unprecedented growth potential on offer," said Al Mesmar.

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