One Palm is home to one of the most expensive penthouses ever sold in Dubai
Zabeel House is Jumeirah’s new four-star brand
The global operator has added more than 700 rooms in the kingdom
“We are looking at growing our own brands and considering franchising and licensing,” the company’s CEO said
The new levy is in addition to a 5 per cent value added tax rate introduced on January 1 and the existing service tax
The hotels will be the first to open under the brand
Al Raidah Investment Company is the owner of the property
There are two other Swissôtel properties in the Middle East
The opening will mark Dorchester’s first hotel in the Middle East
The legendary ship has had a complicated history since being acquired by Dubai World unit Istithmar for $100m in 2007
The hotel was previously known as Holiday Downtown
Jumeirah unveiled the Zabeel House brand last week
Jumeirah had previously stated it intended to relaunch the brand after it was scrapped during the financial crisis
Silva replaces Stefan Leser, who left the company in May last year
The deal is said to be unrelated to chairman Prince Alwaleed’s detention under corruption charges
Nakheel and Accor signed another hotel deal on the Palm Jumeirah last month
The project is scheduled for completion in 2019
The emirate already holds the record for the world’s tallest hotel with the JW Marriott Marquis
Some 4.3 million hotel guests stayed in the emirate from January to the end of November
The property features 190 rooms and suites
The company is also planning to refurbish and re-open the Jumeirah Beach hotel in Dubai next year
The 434-room hotel will be the largest 25hours worldwide when it opens
Sharjah-based Basma Group and developer Arada will jointly own the hotel
The resort marks the fifth Bulgari property globally
The hotel will be located within what is set to be the tallest structure on Dubai’s palm-shaped island.
The move marks Jumeirah’s entrance into the Bahrain market
Prince Alwaleed was one of several princes, ministers and former ministers detained in a government crackdown
Saudi billionaire Prince Alwaleed, a major investor in Four Seasons, was detained in a corruption probe
Kabir Mulchandani’s Five Holdings announced the rebranding of the property in June
The Bulgari resort is located on an exclusive seahorse-shaped island off of Jumeirah Road