Dubai Holding owned hotel group Jumeirah has entered a partnership with property investment company RP Global to manage the firm’s $1bn mixed-use tower development in Business Bay.
Jumeirah Business Bay will include a 200-room luxury hotel, 350 serviced apartments and 290 residences managed by the hotelier.
It is believed to be located in the same tower RP Global announced in May. Dubbed RP One at the time, the project was described as the second tallest tower in Dubai.
Facilities will include food and beverage outlets, a Talise Spa and health club, conference and banquet areas and a rooftop sky bar.
Architectural and engineering firm Atkins Global, designer of the Burj Al Arab, is behind its design.
The tower, located behind the Business Bay metro station, is planned for completion before the opening of Expo 2020 and will add to Jumeirah’s portfolio of 25 properties in development. The group operates 23 hotels across Europe the Middle East and Asia.
“Jumeirah has a reputation for luxury and exceptional hospitality, and our partnership reflects the strong synergies between Jumeirah Group and RP Global. As Dubai moves towards its tourism vision of receiving 20 million visitors a year by 2020, we are proud to be strengthening our Jumeirah portfolio in Dubai,” said Jumeirah Group president and group CEO Gerald Lawless.
RP Global has investments across hospitality, construction and industrial development, with executed projects worth $25bn globally, according to the company.
The firm is also working on another tower project in Dubai’s Downtown. RP Heights is a multi-story residential tower with 268 apartments.
“We are investing close to $1bn of our own resources into Dubai’s real estate sector to develop a world-class tower that will be operated by the esteemed luxury hospitality brand, Jumeirah Group. RP Global is committed to superior quality and timely delivery and like the Jumeirah Group, we strive to create well designed, innovative lifestyle concepts for our buyers,” said RP Group chairman Dr Ravi Pillai.