Nakheel awards $37mn Dragon City hotel contract
Nakheels second hotel at Dubais Dragon City moved a step closer today with a construction contract worth AED 136mn ($37mn) handed to Al Ghurair Contracting and Engineering Works.
With a total project value of AED 176mn, the 304-room Premier Inn is one of 16 hotels in Nakheels AED 3bn hospitality portfolio and part of a huge new master plan that is transforming Dragon City into a giant retail, residential and recreational complex of more than 11 million square feet.
Set for delivery in 2019, Premier Inn Dragon City will span 178,000 sq ft in built-up area over eight floors.
Premier Inn Dragon City is one of two Nakheel hotels managed by the UKs Premier Inn. The first, a 372-room hotel at Ibn Battuta Mall, opened last October.
Nakheels expanding Dragon City mixed-use community comprises four million sq ft of retail space, a twin-tower residential complex with 1,120 apartments and two hotels with 516 rooms between them.
It is currently best known for Dragon Mart the worlds largest Chinese trading hub outside China featuring Dragon Mart 1 and its sister mall, Dragon Mart 2, which opened in February last year. The two malls welcome 40 million visitors a year.
Dragon Citys retail expansion includes a 375,000 sq ft showroom complex, currently under construction.