SKAI Holdings secures Dhs927million worth of sales for new upper upscale hotel, Suites in the SKAI
SKAI Holdings, the Dubai-based real estate investment company, has secured Dhs927m ($252.4m) worth of sales for its new Dhs1.2bn ($326.9m) four-star hotel, Suites in the SKAI, in Dubai’s Jumeirah Village Circle.
SKAI Holdings officially launched the project in June and has already sold all available hotel rooms and serviced apartments in the 60-storey tower. The remaining areas such as the food and beverage outlets, meeting rooms, spa and retail will be retained by the developer.
Suites in the SKAI will feature contemporary hotel and hotel-apartments for business and leisure travellers to meet the growing demand for Dubai’s upscale hospitality sector. Strategically located in close proximity to three of Dubai’s arterial roads – Al Khail Road, Sheikh Mohammad Bin Zayed Road (formerly Emirates Road) and Hessa Street – and a short drive from Dubai’s new Al Maktoum International Airport,Suites in the SKAI will comprise 234-hotel rooms, 234 one-and-two bedroom apartments and 33 penthouses.
Suites in the SKAI will feature breathable architecture allowingsunlight to shine through the core of the tower and a vertical microclimate design with over half a million sq. ft. of flora, naturally helping maintain the temperature. Lush green balcony-gardens and 271 sky-high swimming pools add to the sense of nature while floating bathtubs, floor to ceiling windows and panoramic views across the city provide the ideal cosmopolitan backdrop. A supermarket, located on the podium level, will further add to the convenience of residents.
Construction on Suites in the SKAI will begin in September 2014 with operations due to commence in 2017. China State Construction Engineering Corporation (Middle East) (L.L.C)has been appointed the main contractor. Atkins has been appointed lead consultants and architects while Tokyo-based Nao Taniyama will design the interiors and Australia’s TOPO Design Studio the landscaping.
Five-star hotel rooms account for around two thirds (64%) of Dubai’s total hotel inventory, significantly above that of other key cities around the world such as London (32%) and Singapore (33%), according to STR Global.
Dubai has announced a number of incentives for three and four-star hotel developers as it looks to attract 20 million visitors annually by 2020. Enticementsinclude waiving Dubai Municipality’s one percent zoning fee and a waiver on municipality fees if a construction permit is obtained between October 1, 2013 and December 31, 2017.
“Dubai is one of the most exciting markets for hospitality and real estate globally. The city is expecting 20 million visitors by 2020 and this together with its growing population and strong economicoutlook will see the sector continue to flourish. Led by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, the city has invested in key infrastructure that will continue to attract tourists beyond the Expo 2020. SKAI Holdings sees a great deal of potential for upscalefour-star concepts, which is one of the hospitality industry’s most resilient sectors,” said Kabir Mulchandani, Group CEO of Skai Holdings Limited LLC.
“Suites in the SKAI will cater to the growing number of business and leisure tourists that are looking for value for money as well as comfort and convenience in a luxurious setting. SKAI Holdings’ strategy is to build high quality hotels in several key locations inDubai that will cater to the growing demand for tourism in the emirate,” he added.
Suites in the SKAI’s uniquetri-star wing structureallows for each room and apartment to incorporate a vast landscaped garden. Conceptualised in-house by architect Nabil Akiki, CEO of Real Estate Development, SKAI Holdings has filed a patent for the distinctive design.
The 117 one-bedroom hotel apartments will come complete with an outdoor sky garden and Jacuzzi while the 117 two-bedroom apartments include an 18 sq. ft. sky swimming pool and floor to ceiling windows with cascading water. With a ratio of seven sq ft. of garden to every one sq ft. of land, guests will be able to step into a garden of tranquility and swim while enjoying the views of the Dubai skyline, 888 ft. below.
The hotel will also house 33state-of-the-art penthouses, boasting 225 ft. of frontage, the largest of any apartment in town. Located on the upper floors, the four-bedroom, 3,000 sq. ft. apartments will include a 2,600 sq. ft. lush sky garden with a soil depth of 4.2 ft., allowing for trees to be planted,a full-size outdoor swimming pool and Jacuzzi accommodating up to eight people.
Suites in the SKAI will include five dining venues hosted by world-class chefs, including an all-day dining concept, a lobby café, pool bar and grill, sports bar and a rooftop Chinese restaurant. Other amenities include paddle tennis, state-of-the-art gymnasium, fitness centre with outdoor yoga terrace and lavish swimming pool, sauna and steam room and boutique spa. The tower will also include 17,000 sq ft of retail space, a five-level podium car park, meeting facilities, kids club and a putting green.