Dubai-based developer Omniyat has signed an official agreement with hotel group Melia to open the ME Dubai property in 2016.
The signing ceremony follows the announcement of the project designed by world-renowned Iraqi-British architect, Dame Zaha Hadid which was made at the Cityscape Global event last month.
Mahdi Amjad, executive chairman and CEO of Omniyat, said: "We surprised the market by announcing the first hotel entirely designed by Zaha Hadid, and since then, as expected, the interest of potential investors has not stopped growing.
"I can see that ME Dubai will be a quantum leap in the Middle East Hotel & Real Estate market."
Gabriel Escarrer, CEO and vice chairman of Spain-based Melia Hotels International, predicted that the ME Dubai "will become the hottest hotel opening in years.
"Dubai is in full recovery these days, along with the dynamic Middle East region, and the ME Dubai hotel will provide a completely new hotel and leisure offering for the emerging and very specific social psychographic," he said.
ME Dubai will open in the Opus building, an Omniyat project which has been revived after first being launched in 2008 in Business Bay.
The hotel will consist of 100 rooms, complimented by Michelin-star restaurants, a statement said.
Previously a 23-storey retail and commercial tower that was slated to be finished in 2010, the Opus project will now also comprise apartments.
Construction is under way and is expected to be finished by mid-2015 with the hotel opened by mid-2016.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.
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