AccorHotels on Tuesday signed a management agreement with Dubai-based master developer Nakheel to develop a Raffles resort on Palm Jumeirah.
The agreement will lead to the opening of PALM360, a two tower development on the world famous island in Dubai comprising the Raffles The Palm Dubai Hotel and Raffles Residences PALM360.
Set to open in 2021, PALM 360 will be the first beachside resort for Raffles in Dubai and the tallest structure on Palm Jumeirah.
Its centrepiece will be a 155 metre long sky pool, connecting the towers 170 metres above the ground, a statement said.
The hotel component will offer 125 hotel rooms and suites, while the 359 branded residences – including 16 branded penthouses that will each have their own private infinity pool, gym and cinema – will be available for purchase.
The hotel and residential complex will also feature a host of high end dining outlets, including two rooftop restaurants and a waterside restaurant.
Nakheel chairman Ali Rashid Lootah said: “We are committed to playing a key role in realising the Government of Dubai’s vision by continuing to deliver unique, landmark projects that reinforce Dubai’s position as a world-class destination for living, business, leisure and tourism.
“Palm Jumeirah has quickly evolved into one of the most sought-after addresses in the world, offering the ultimate in luxury living and leisure. PALM360 will further enhance the island’s global appeal, which already attracts millions of visitors each year.”
Sébastien Bazin, chairman and CEO of AccorHotels, added: “The development of Raffles The Palm Dubai Hotel and Raffles Residences PALM360 not only cements our luxury portfolio on a landmark leisure destination but also demonstrates our dedication to developing the most distinct hospitality concepts.”
The resort will feature fitness and wellbeing facilities at the Raffles Spa, Health Club and tennis court as well as a children’s club.
Located on Palm Jumeirah’s 11km crescent Boardwalk, PALM360 joins 16 other hotels that form part of Nakheel’s $ 1.3 billion hospitality expansion programme that is set to deliver close to 6,000 rooms and hotel apartments across Dubai.