SKAI Holdings, the Dubai-based real estate investment firm has unveiled plans for its new $1-billion hotel and furnished residences located on the breachfront of The Palm, Jumeirah, in Dubai, UAE. The development will be operated by Viceroy Hotel and Resorts, marking the company’s first venture into Dubai and its second in the UAE alongside sister property Yas Viceroy Abu Dhabi.
Construction has started on the project, with a grand opening slated for the last quarter of 2016. Situated at the base trunk of the island, Viceroy Dubai Palm Jumeirah will offer 481 large rooms and suites, and 221 signature Viceroy Residences. Skai Holdings CEO Kabir Mulchandani said: “Viceroy Dubai Palm Jumeirah will offer the best of all worlds. 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.”“This property marks our first foray into Dubai and is a milestone in our growth in the region,” said Bill Walshe, CEO of Viceroy Hotel Group. “We expect this property to set a new bar in beachfront luxury, not just for Dubai, but anywhere in the world.”Viceroy Dubai Palm Jumeirah will boast 10 of the world’s best restaurants along with a gourmet market and bakery. It will have over 800 sq m of wellness spa facilities including 10 treatment rooms. The resort will have over 350 sq m of indoor fitness facilities and three outdoor swimming pools. It will also have beach club facilities, a children’s centre with child-care facilities, a library and relaxation lounge and extensive banqueting and business facilities.