US, Dubai Investors May Buy Ritz-Carlton In Dubai
Published by Irhal
Union Properties, one of the country’s leading developers, is in talks with two developers from the US and Qatar who have expressed interest in buying its Ritz-Carlton hotel at the Dubai Financial Centre (DIFC). A senior executive at a well known hospitality consultancy firm said the first interested buyer is a non-resident Indian settled in the US and a presence in the hospitality business. The second interested…
Chairman of Union Properties, Khalid bin Kalban, confirmed “Our discussions are on with several parties”, although he did not disclose names. A source said discussions with Union Properties are at an early stage and both parties have expressed a willingness to buy the Ritz-Carlton hotel in Dubai. Union Properties said in a statement to the Dubai Financial Market that the Ritz-Carlton DIFC, set to become operational by the second quarter of 2010, may sell at a price close to Dh 1.5 billion.
More Travel News
All travel news
Airline News
Qatar Airways Resumes Flights to Philadelphia
The airline marks Philadelphia as its 14th destination in North America
Read full story
Travel News
Thailand Unveils Summer Holiday 2026 Shopping
This summer, Central Shopping Centers invites international visitors to experience the best of shopping, dining, and leisure with Summer Holiday 2026, running from 20 July – 30 September 2026. Created exclusively for international tourists, the campaign offers shopping privileges across Thailand’s five world-class shopping malls: centralwOrld, Central Park…
Read full story
Travel News
Special "Ahlan Jordan" Prices for Tourists
The Ministry of Tourism and Antiquities and the Jordan Tourism Board, in cooperation with tourism associations, have launched the integrated digital platform "Ahlan Jordan" as part of measures to support the tourism sector and address the impact of regional circumstances on travel activity.
Read full story
Airline News
Flydubai increases flights to Milan and Naples
flydubai, the Dubai-based carrier, has increased its daily operations between Dubai and Naples and is set to boost its flights to Milan-Bergamo to a double-daily operation from 31 July, enhancing passenger connectivity to Italy.
Read full story