DIFC Properties plans $68m boutique hotel

128-room hotel part of Dubai International Financial Centre expansion
DIFC Properties plans $68m boutique hotel
By Louise Oakley
Sun 16 Mar 2014 01:27 PM

DIFC Properties has revealed plans to open a 128-room, $68m new build boutique hotel on a plot of land between the Standard Chartered building and The Gate Village in Dubai International Financial Centre (DIFC).

The site, which is currently empty, was initially earmarked for a second Gate Village property, but its location made it ideal for a hotel, according to DIFC Properties CEO Brett Schafer.

In an interview with Hotelier Middle East, Schafer, said: "We think we are doing the first so-called boutique hotel in Dubai, so that’s a niche.”

“There’s huge demand, we have boutique hotel operators, some of the best in the world, none of which are in Dubai… stampeding over each other to [get in] and what better location can you have than that?

“It’s tied into the Gate Village, so it will be connected to that, [with] all the restaurants we have like Zuma, Roberto’s… so it’s a slam dunk from that perspective," he said.

“We expect to make an announcement on that within the next few months, with a view that when we get it approved, we’ll then launch the design,” he added.

The hotel is part of a substantial expansion of DIFC, which will see a further 10mn ft2 of commercial, residential and retail/leisure space added to the area, bringing the total to 25mn ft2.

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.