DIFC Properties has revealed plans to open a 128-room, $68m new build boutique hotel on a plot of land between the Standard Chartered building and The Gate Village in Dubai International Financial Centre (DIFC).
The site, which is currently empty, was initially earmarked for a second Gate Village property, but its location made it ideal for a hotel, according to DIFC Properties CEO Brett Schafer.
In an interview with Hotelier Middle East, Schafer, said: “We think we are doing the first so-called boutique hotel in Dubai, so that’s a niche.”
“There’s huge demand, we have boutique hotel operators, some of the best in the world, none of which are in Dubai… stampeding over each other to [get in] and what better location can you have than that?
“It’s tied into the Gate Village, so it will be connected to that, [with] all the restaurants we have like Zuma, Roberto’s… so it’s a slam dunk from that perspective,” he said.
“We expect to make an announcement on that within the next few months, with a view that when we get it approved, we’ll then launch the design,” he added.
The hotel is part of a substantial expansion of DIFC, which will see a further 10mn ft2 of commercial, residential and retail/leisure space added to the area, bringing the total to 25mn ft2.