Al Habtoor Reveals Latest Landmark Development

DUBAI - The Al Habtoor Group revealed on Wednesday, in a Press conference held at the Metropolitan Hotel, the launch of one of the region’s biggest and most luxurious hotels & entertainment development to be built on a prime location on Sheikh Zayed Road.

This new complex will be built on the one million square foot property opposite Al Safa Park that currently houses one of Dubai’s first hotels. The 34-year-old Metropolitan Hotel, which now stands on this choice location, will be demolished to make way for the new undertaking.

Khalaf Al Habtoor, chairman of Al Habtoor Group, said: “Parting with the Metropolitan Hotel, our first hospitality venture is not easy as it is filled with great memories, but I always believe in looking forward. The tourism industry in the UAE and Dubai in particular, is constantly and steadily growing, and we have to be prepared to cater for the growing need of its visitors and residents alike”.

The 3 luxurious hotels complex will include over 1,600 rooms and suites and will cost Dh4.875 billion ($1.33 billion).

“An investment of this magnitude will encourage other likeminded businessmen to regain their faith and will definitely send a very strong message to the national and the international communities that will help stimulate foreign direct investments from institutions and individuals alike” said Al Habtoor on the Group’s large investment.

“My faith in our country’s economic strength and our resilience has always been strong and now it is time to prove it. A good environment for investment provides security, economic stability and strong infrastructure, and for an investor like myself, no place provides all that the way Dubai does!” Al Habtoor added.

The new project will combine classic elegance with unsurpassed quality in every sphere. Its facilities, second to none, will include a 5-star serenity spa, multiple themed restaurants, 50,000 sqft state of the art banqueting and meeting facilities, an international designer brands shopping arcade and a unique and new theatre.