Omniyat, a Dubai-based developer, said on Monday that it plans to launch the Langham Place Downtown Dubai in the Burj Khalifa District.
Covering a built up area of 680,838 square feet, the Dh1 billion project will include a five-star luxury hotel featuring 167 rooms, as well as serviced apartments. It will add 438 units to Dubai's hospitality sector when it is completed in 2018.
Langham Place Downtown will be located in the heart of Downtown Dubai, facing the Dubai Canal, which is expected to be completed in mid-2016.
"The launch of Langham Place Downtown Dubai therefore complements the emirate's strategic tourism vision to annually attract 20 million visitors by 2020. By then, Omniyat will have delivered over 1,500 hotel rooms and suites,” said Mahdi Amjad, executive chairman and chief executive of Omniyat, in the statement.
Dubai continues to receive demand for premium developments, Mark Phoenix, the developer's managing director, said in the statement.
"We expect a strong response to the launch of the serviced apartments that will welcome global investors starting October 13, 2015,” he said.
The development will include Michelin Star restaurants, four food and beverage outlets comprising an all-day dining restaurant, a rooftop bar and lounge, a salon, and event space covering 400 square meters for corporate meetings and galas.
The Langham Place Downtown Dubai brings the total value of Omniyat's portfolio to Dh16 million.
Source: Gulf News