SKAI Holdings completes 30% of Viceroy Dubai Palm Jumeirah
SKAI Holdings, the Dubai-based real estate investment company, today announced that it has completed just over 30 percent of the construction of its US$1bn Viceroy Dubai Palm Jumeirah development, and is on track to open as planned in 2016.
China State Construction Engineering Corporation (Middle East) (L.L.C) (CSCEC ME), the projects main contractor and a key investor, has now begun structural works on level 14 of the 16-storey building. Work has also commenced on the fit out and mechanical electrical and plumbing (MEP) works.
Yu Tao President and CEO of CSCEC ME said: This is a landmark project for the China State team in the Middle East. With almost a third of the construction completed on Viceroy Palm Jumeirah we are on schedule to open to guests in 2016. Dubais tourism and hospitality sector continues to perform well, and with a clear vision and dynamic strategy led by Government and fully supported by the private sector, we expect continued and sustainable growth over the mid and long term.
Completing 30 percent of the Viceroy Dubai Palm Jumeirah marks a milestone for us and our partners, and further demonstrates our pledge to complete the project on time and to the highest standards, said Nabil Akiki, CEO of Real Estate Development at SKAI Holdings Limited LLC. We have worked very closely with China State Construction & Engineering Company and with our operators Viceroy to create a hotel and residence that is both luxurious in its feel and practical in its concept.
The luxury residential and hospitality project will offer its guests 477 spacious rooms and suites and 222 signature Viceroy Residences with breath-taking views of the Arabian Sea and Dubais dramatic skylines. The propertys attractive location, situated at the base of Palm Jumeirah, is easily accessible and is just 15 minutes from the citys downtown centre, and just minutes away from major tourist and business attractions such as the Dubai Marina and Dubai Media City as well as the newly opened Dubai Tram.
Viceroy Dubai Palm Jumeirah will feature services and amenities created especially for the mix of business and leisure guests expected to frequent the hotel and residences, combining business services and amenities with a true resort experience. The hotel will be home to numerous spectacular dining venues hosted by world-class chefs and a modern spa. A beach club and a 100 metre-long pool will also be complemented by childrens clubs, entertainment and sporting activities.
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