Property in Dubai
Reef Real Estate, Rydges Hotel & Resorts sign deal for new projects
The UAE-based Reef Real Estate Investment Company has entered into a deal with Rydges Hotels & Resorts, for two new upcoming projects - Crystal Tower at Business Bay and Al Wadi Hotel and Residence at Dubailand. As per the agreement, Reef will be the operator for both these projects.
Being developed as an exclusive executive hotel and office tower in Business Bay, the Crystal Tower will be at an outstanding location, nearly 10minutes away from Burj Dubai - the world's tallest building, and adjacent to Sheikh Zayed Road. The property is targeted towards business and corporate travelers.
The building includes 5 levels of basement parking, apart from top-notch amenities, like a business center, health club, restaurants, swimming pools, retails shops, outdoor café, and coffee shop. Crystal Tower acts as a benchmark for style and comfort.
The Al Wadi Hotel and Residence, a part of Mizin project at Dubailand, is also an equally promising address.
Speaking during the signing ceremony, H.H. Sheikh Ahmed Mohamed Zayed bin Sagr Al Nahyan, Managing Director, Reef Real Estate, expressed his excitement over the deal, and said that the deal would ensure that the customers receive highest standards in terms of product and service.
Reef Real Estate Investment Company is a UAE-based company with a wide range of activities such as real estate, investment, property management and property development.
Rydges Hotel & Resorts is a fast-growing Australian-based hotel chain, with more than 30 hotels in New Zealand, Australia, UK, Thailand and UAE.
Posted on 22/12/2008