Dubai Lifestyle to Hit 80 Percent Occupancy At Marriot Hotel Properties

The three Marriot hotels being built at Dubai Lifestyle City which includes 5 star JW Marriot featuring 170 rooms, a Marriot courtyard with 150 rooms and 46 Marriot Executive apartments. These Marriot hotels are all set to hit around 80 percent occupancy when they open. Arif Rahman, the managing director, told Gulf News that: “We have a healthy RevPAR (revenue per available room) and we expect between 70 to 80 per cent occupancy.” There are various other Dubai real estate projects going on in Dubailand, which have been delayed, however, the Dubai Lifestyle City is progressing at a fast pace, due to the manageable size of the project.

The resources have said that since the project is in partnership with Marriot, therefore, the residential portion of the development will be named as the JW Marriot Residences. Moreover, the security, quality and safety of the project will be in line with the Marriot’s global international standards. Raza Siddiqui, the executive director explained that there will be sprinkler systems installed in Marriot residences. As far as the accommodation is concerned, there will be a total of 68 villas of five different types ranging from 10,000 square ft area to and area of 20,000 square ft. Each of the 68 villas has been given a name such as Siena etc.

The construction of 120 regular, penthouse and duplex apartments has already been awarded to Saleh Constructions. Around 500 people are working onsite. The entire project is expected to get completed by the end of the year 2012. Despite of the global financial downturn, Rahman is confident enough that the sales price for this real estate project in Dubai Lifestyle City are appropriate. Moreover, about 50 percent of these residential units have already been sold so far.