Nakheel signs for 550-room hotel with Centara in Dubai

UAE master developer Nakheel and leading Thai hotel group Centara Hotels & Resorts have signed a joined venture agreement to create a 550-room, AED500 million beachfront resort with waterpark at Deira Islands in Dubai. Under the agreement, cemented in Bangkok by Nakheel chairman Ali Rashid Lootah and Centara chairman Suthikiati Chirathivat, the two companies will deliver an upscale resort on a prime stretch of beach on Deira Islands.