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Skai secures Dhs927m sales for its Dhs1.2b project

Skai secures Dhs927m sales for its Dhs1.2b project

Skai Holdings, the Dubai-based real estate investment company, has secured Dhs927 million ($252.4 million) worth of sales for its new Dhs1.2 billion ($326.9 million) four-star hotel, suites in the Skai, in Dubai’s Jumeirah Village Circle.

Skai Holdings officially launched the project in June and has already sold all available hotel rooms and serviced apartments in the 60-storey tower. The remaining areas such as the food and beverage outlets, meeting rooms, spa and retail will be retained by the developer.

Suites in the Skai will feature contemporary hotel and hotel-apartments for business and leisure travellers to meet the growing demand for Dubai’s upscale hospitality sector.

Strategically located in close proximity to three of Dubai’s arterial roads – Al Khail Road, Sheikh Mohammad Bin Zayed Road (formerly Emirates Road) and Hessa Street – and a short drive from Dubai’s new Al Maktoum International Airport, Suites in the SKAI will comprise 234-hotel rooms, 234 one-and-two bedroom apartments and 33 penthouses.

Suites in the Skai will feature breathable architecture allowing sunlight to shine through the core of the tower and a vertical microclimate design with over half a million sq. ft. of flora, naturally helping maintain the temperature. Lush green balcony-gardens and 271 sky-high swimming pools add to the sense of nature while floating bathtubs, floor to ceiling windows and panoramic views across the city provide the ideal cosmopolitan backdrop. A supermarket, located on the podium level, will further add to the convenience of residents.

Construction on Suites in the Skai will begin in September 2014 with operations due to commence in 2017. China State Construction Engineering Corporation (Middle East) has been appointed the main contractor.