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Centara Hotels & Resorts, a leading Thai hotel group, and UAE-based master developer, Nakheel, recently cemented a joint venture with a construction contract worth USD2.63 billion to build a 601-room beachfront resort at Dubai’s Deira Islands.

Dubai-based property developer, Nakheel, presented its new range of real estate investment opportunities, collectively worth more than USD2.5 billion, at MIPIM.

Nakheel nd RIU Hotels & Resorts have signed a contract worth USD104,8 million for the construction of their 800-room, joint venture beachfront resort and water park at Deira Islands in Dubai.

Developer Nakheel is assessing 10 proposals for the construction of its new, 800-room RIU beachfront resort at Deira Islands, with the lowest bid at AED363 million (USD98 million).