5 hospitality and leisure mega projects to look out for in GCC
* Umm Al Quwain will see an integrated resort and residential island
* Phase two of the Makkah Residence Development is currently in the design stage
* $1.5bn Dubai Eiffel Tower is also something to look out for
A report published by BNC for Big 5 Dubai highlights the top mega projects that are about to be opened in the GCC region in the near future.
Firdous Sobha – UAE
The government of Umm Al Quwain and real estate developer Sobha Group announced the integrated resort and residential island project last April.
The hospitality project, still in the concept stage, has an estimated value of $6.8 billion, according to BNC. It is spread across 53 million square feet of Al Seniyah Island and will include an 18-hole golf course, sea-front villas and apartments, wellness destinations and an array of entertainment and leisure sport. The first phase of the project is expected to be completed by mid-2017.
Makkah Residence Development – Phases 2 and 3 – Saudi Arabia
Phase two of the Makkah Residence Development is currently in the design stage, while phase three is in still concept stage. Cost of the projects is estimated at $2bn and $1.7bn, respectively, according to BNC.
The mixed-use complex project is developed by developer Yousef Abdul Latif Jameel Group and will be managed by Anjum hospitality management brand. It comprises a large-scale complex of multi-story and multi-family residential units of 10,500 rooms. This is in addition to retail and dining outlets.
Dubai Eiffel Tower – UAE
Located at the Falcon City of Wonders in the emirate of Dubai, the Dubai Eiffel Tower will make up an iconic leisure and recreational hub. The project, currently in the design phase, runs at a cost of $1.5 billion, according to BNC.
The replica of the French icon was first announced November 2015 and will be situated alongside other iconic structures from around the world, including the Pyramids, the Hanging Gardens of Babylon, the Taj Mahal, the Great Wall of China, the Leaning Tower of Pisa and the Light House of Alexandria.
Royal Atlantis Resort and Residences – UAE
Located at Palm Jumeirah, this luxury property is currently under construction, awaiting the arrival of its tenants. The hospitality project costs an estimated $1.4bn and is set to dominate the Palm’s skyline with exotic residences, sky courts, garden suites, penthouses and other forms of luxury living.
Silver Pearl Hotel – Qatar
With plans for hosting World Cup 2020, the Gulf state is decorating its capital, Doha, with iconic structures that will live longer than the tournament. One of these is the Silver Pearl Hotel.
The expansive property is by the shoreline and comprises two semi-circular towers of 30 stories each.