Nakheel to build new hotel in Dubai

Dubai-based real-estate developer, Nakheel is to build a hotel in Dubai.

The developer said that the new hotel would be built as an extension to the existing Dragon Mart retail complex, a structure that has been in business for eight years. The 240-room hotel extension will form part of the second phase of the Dragon Mart retail complex.

The proposed extension will feature a 10,000 sq/m supermarket, a nine-screen cinema complex, and a two-storey retail mall with food court and outdoor dining options. The proposed extensions are to be completed by the third quarter of next year.

Ali Rashid Lootah, chairman of Nakheel, said that the company had to double the size of Dragon Mart because of strong business demand.

Lootah said, ‘Dragon Mart is already the world’s biggest trading hub for Chinese products outside mainland China. The Phase 2 expansion will provide many more opportunities for retailers, hoteliers and restaurants to prosper.’