SKAI Holdings – the Dubai-based, family-owned real estate investment company – yesterday announced plans for a US $1 billion hotel with refurbished residences, which will be operated by Viceroy Hotels and Resorts marking the company’s first venture into Dubai; its second in the UAE alongside sister-property Yas Viceroy Abu Dhabi.

The company says construction on the Palm Jumeirah Dubai site has already begun and the resort is scheduled to open by the last quarter, 2016.

The Viceroy Palm Jumeirah will offer 481 guest rooms and suites plus 221 signature ‘Viceroy’ residences. The property will boast 10 restaurants along with a gourmet market and bakery, fitness facilities and three separate outdoor pools, beach club facilities plus a library and lounge. The property will also offer extensive banqueting and business facilities.

Kabir Mulchandani CEO of SKAI Holdings said: “Viceroy Dubai Palm Jumeirah will offer the best of all worlds. It is a luxury urban beach resort in the heart of Dubai. It is a family retreat as well as an exciting entertainment destination and its exceptional banqueting and business facilities make it ideal for corporate use.

“We have partnered with Viceroy Hotels and Resorts as the brand is renowned for delivering enchanting lifestyle experiences and intuitive service in sought-after locations around the world.”

Bill Walshe, CEO of Viceroy Hotel Group commented: “This property marks our first foray into the Dubai market and is a milestone in our growth in the region. Our market entry is perfectly timed and our partnership marks the coming together and collaboration of two success stories in the real estate and hospitality industries.

“We expect this property to set a new bar in beachfront luxury, not just for Dubai, but anywhere in the world.”

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Tags: dubai, viceroy