Al Taif Investments set to open 5-star hotel, mall in Fujairah by end of year  

 Al Taif Investment, a joint venture between Dubai Investments and Fujairah Investment Establishment (FIE), the investment arm of the Fujairah Government, has announced new business updates for Al Taif Business Center, its flagship project in Fujairah.

Half of Al Taif Mall, the retail segment within Al Taif Business Center is leased out, the company announced.

The G+2 level shopping mall, located between Al Taif Business Center’s 19-floor hotel and residential and office tower, is spread across both the towers and is equipped with 45 retail outlets, including supermarkets and other lifestyle stores.

The mall is getting ready to open doors to shoppers and has signed up with Step-in Group, a retail company that represents both international and national brands selling apparel, fragrances, accessories, cosmetics, footwear, and more commodities. 

Earlier this year, Al Taif Investment signed a contract with Hilton to open Double Tree by Hilton in Al Taif Business Center with 228 guest rooms and a ballroom along with restaurants and other amenities.

The hotel is also gearing up to open doors by the end of this year.  

Elie Hadwan, business center manager, Al Taif Investment commented, “The partnerships with the Hilton Group and the Step-in Group, reiterate the commitment to provide access to quality living, lifestyle, shopping and business options. We are expecting the mall to reach the 70 per cent leasing mark by the end of the year. Once operational, Al Taif Business Center will contribute towards alleviating Fujairah’s attractiveness as an evolving emirate across the UAE.” 

 The residential apartments within Al Taif Business Center are also more than 60 per cent leased out and residents have already started moving in. The office spaces within the center are also gaining traction and are spaces in shell and core, promoting the concept of working in a business district, with access to varied business requirements.  

The project is located approximately five minutes from Fujairah International Airport with proximity to the arterial road of Hamad Bin Abdulla, granting connectivity to other emirates as well as other parts of Fujairah.