The first NAIA Hotel and Hotel Apartments project opened its doors for the first time to the public with the news of the launch announced at this year’s ATM. The announcement included details of the newly opened property which is situated in the heart of the Burj area in Dubai, features include the NAIA Breeze, a 342-key luxury project with five-star service standards that overlooks the canal on one side and the Bur Khalifa to the other.
Speaking from ATM, executives from DAMAC Hotels & Resorts, which is the management arm running the NAIA brand disclosed that two further hotels are due to be completed over the course of the next few years, serving Dubai’s new central hub around Al Maktoum International Airport and the site of the Expo 2020.
The NAIA Tenora, one of the latest additions to the DAMAC portfolio is a 10-storey, 270 unit luxury hotel apartment project with facilities inclusive of a swimming pool, gymnasium, boutiques and coffee shops.
Discussing the new opening, Niall McLoughlin, senior vice president, DAMAC Properties stated, “the Dubai Metro is to be extended 15km, adding seven new stops on the way to Dubai World Central and driving real estate valuations in the area up, as much as 25%, plus construction on NAIA Tenora is progressing well and is set to be handed over to owners at the start of 2016.”
McLoughlin further added, “the Dubai World Central district is set to be one of the most impressive construction projects in the world over the next five years and the news that the Metro line will now run right outside the project significantly improves the connectivity to the area. NAIA Tenora offers a luxury lifestyle experience on the doorstep of the world’s biggest airport hub and moments from the new World Expo 2020 exhibition site. Combining luxury and location, we believe NAIA Tenora is the ideal investment property with strong potential for impressive rental returns to provide ideal accommodation for those working on the project.”
