Kempinski Floating Palace is one of the properties whose opening in the UAE has been delayed. Photo: Kempinski Hotels
Kempinski Floating Palace is one of the properties whose opening in the UAE has been delayed. Photo: Kempinski Hotels
Kempinski Floating Palace is one of the properties whose opening in the UAE has been delayed. Photo: Kempinski Hotels
Kempinski Floating Palace is one of the properties whose opening in the UAE has been delayed. Photo: Kempinski Hotels

At least 10 hotel openings in the UAE on hold, cancelled or delayed


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Dozens of hotels were scheduled to open in the UAE next year, but several of these projects have now been delayed, put on hold or even cancelled, The National has found.

In Dubai, Kempinski Floating Palace, Six Senses The Palm and Mandarin Oriental Al Wasl can no longer confirm opening dates.

In the capital, Mondrian Abu Dhabi and Al Nawras Island, LXR Hotels & Resorts have had expected launch dates postponed until 2025.

Meanwhile, in Ras Al Khaimah, two glamping retreats from Cloud7 Hotels have been put on hold. Eco-friendly hotel Earth Altitude, which was set to open on Jebel Jais, has also been cancelled.

Delays in Dubai

When Kempinski Floating Palace, touted as the world's first floating resort, was announced, it had an opening date set for this year. But now the Swiss hotel group, which is working with a local owner on the project, cannot confirm when it will launch, a representative told The National.

The hotel, which is meant to have 156 keys, is to be anchored next to a stretch of shore on Jumeirah Beach Road, with guests being brought to the property or directly to their villas by speedboat or even their own vessels. As part of the plans, 12 exclusive villas are connected by pontoons and can be moved to other anchorage points, while the main building also doubles up as a floating helipad and there's parking for up to 16 yachts.

  • Kempinski Floating Palace in Dubai will be located in the Arabian Gulf, and accessed via a private beach in Jumeirah. All photos: Kempinski Hotels
    Kempinski Floating Palace in Dubai will be located in the Arabian Gulf, and accessed via a private beach in Jumeirah. All photos: Kempinski Hotels
  • The luxury resort will have 156 rooms and suites, several restaurants, bars and a luxury spa
    The luxury resort will have 156 rooms and suites, several restaurants, bars and a luxury spa
  • The five-star Kempinski Floating Palace in Dubai does not have an opening date confirmed
    The five-star Kempinski Floating Palace in Dubai does not have an opening date confirmed
  • Guests checking in will reach the Dubai resort via speedboat, helicopter or luxury yacht
    Guests checking in will reach the Dubai resort via speedboat, helicopter or luxury yacht
  • The floating resort will be home to 12 luxury Neptune boat villas
    The floating resort will be home to 12 luxury Neptune boat villas
  • There will be two, three, and four-bedroom villas at the floating resort
    There will be two, three, and four-bedroom villas at the floating resort
  • Each Neptune villa offers indoor and outdoor living rooms, kitchens, a rooftop terrace and a private swimming pool
    Each Neptune villa offers indoor and outdoor living rooms, kitchens, a rooftop terrace and a private swimming pool
  • The Neptune villas will be anchored to the main resort by pontoons and will cruise at a maximum speed of 6 nautical miles
    The Neptune villas will be anchored to the main resort by pontoons and will cruise at a maximum speed of 6 nautical miles

Mandarin Oriental Wasl Tower, meanwhile, which would be the city's second property from the international hotel group, also doesn't have an opening date "due to delays", the reason for which could not be confirmed.

The striking twisted building, on Sheikh Zayed Road, was planned to open by the second quarter of 2024, developers Wasl Asset Management announced last year. It's set to encompass 64 floors, with 358 hotel rooms and 229 resident units.

A representative from Six Senses told The National they also cannot confirm a launch date for Six Senses The Palm, Dubai, which was scheduled to open for bookings late next year. A 61-room hotel and 162 branded residences, of which the architecture is inspired by the UAE's coral reefs, are planned to sit along a private stretch of beach on Palm Jumeirah's West Crescent.

The hotel group, which merges wellness with sustainability in its ethos, has new properties opening in Grenada, London, Kyoto, Bangkok and Norway listed on its website, but nothing in Dubai.

Abu Dhabi postponements

Mondrian's first foray into the UAE was welcomed with much anticipation when it was announced earlier this year.

Mondrian Abu Dhabi will boast contemporary, design-led rooms and suites. Photo: Mondrian
Mondrian Abu Dhabi will boast contemporary, design-led rooms and suites. Photo: Mondrian

The 221-room property, to be located on the waterfront in the heart of Downtown Abu Dhabi with views reaching across to Reem Island and Al Maryah Island, was meant to open next year and the project has already broken ground, according to a statement.

However, the team from Ennismore, the hospitality group behind the brand, is now looking at a 2025 opening, it confirmed.

Elsewhere, LXR Hotels & Resorts, Hilton's collection of independent luxury properties, announced earlier this year it would be opening an all-villa resort with a private golf course on Abu Dhabi's Al Nawras Island in 2024.

“We’re excited to be growing our portfolio in Abu Dhabi and look forward to welcoming guests at Al Nawras Island, LXR Hotels & Resorts, which is expected to open in 2025," a representative has since told The National.

Sharjah and Ras Al Khaimah faces delays and cancellations

Marriott International and Sharjah Investment and Development Authority (Shurooq) signed a franchise agreement in January last year to bring the hotel brand's Autograph Collection to Sharjah for the first time. This is to encompass two five-star properties, in Kalba and Khor Fakkan, on the emirate's scenic east coast.

The Khorfakkan Hotel will feature 75 rooms and suites, the first waterpark in the area, a yacht club and residences, while the Kalba Hotel will incorporate 80 units, including one with four bedrooms.

These were scheduled to open next year, but neither Shurooq nor Marriott were able to provide updates on the project when asked by The National.

Khorfakkan Hotel, part of Marriott's Autograph Collection, will have the first waterpark on the UAE's east coast. Photo: Shurooq
Khorfakkan Hotel, part of Marriott's Autograph Collection, will have the first waterpark on the UAE's east coast. Photo: Shurooq

In Ras Al Khaimah, it's a similar story. Two glamping retreats called Cloud7 Camp Jebel Jais and Cloud7 Camp AlSawan were originally planned to open at the end of last year, offering 60 accommodation units crafted from sustainable materials. The launches were then moved to this year, but now the project is on hold, a representative of the Ras Al Khaimah Tourism Development Company confirmed.

Earth Altitude, an eco-based pop-up hotel concept set to open permanently on the UAE's highest mountain last year, is also now cancelled.

The boutique-style resort, from local group Earth Hotels, was to offer stunning views over Jebel Jais and encompass an activity centre where guests could book hiking, trekking, cycling and more. It was also set to offer homegrown restaurants and an infinity-style swimming pool with views over the peak.

Plenty more hotels to open in the UAE in 2023 and 2024

Despite the delays, there are numerous hotels still opening across the UAE, including One&Only One Za'abeel, Siro One Za'abeel and Five Luxe in Dubai this year.

The much-anticipated, superyacht-inspired Jumeirah Marsa Al Arab will also begin to open in phases, starting with branded residences at the end of this year.

Next year, Ciel Tower, Mama Shelter Dubai and Fairmont Dubai Skyline remain on schedule.

In Abu Dhabi, we can expect the 22-bedroom Anantara Santorini Abu Dhabi Retreat, which was only recently announced, to stick to its opening date.

Anantara Santorini Abu Dhabi Retreat is inspired by the Greek island it's named after. Photo: Minor Hotels
Anantara Santorini Abu Dhabi Retreat is inspired by the Greek island it's named after. Photo: Minor Hotels

Another Anantara property in Ras Al Khaimah will also open before the end of this year, alongside Saij, A Mantis Collection Mountain Lodge, with 70 luxury lodges offering a mountain retreat experience with guided treks and more.

Next year, Sofitel Al Hamra Beach Resort is still scheduled to open on time in the northern emirate.

Meanwhile, in Sharjah, having partnered with the Lux Collective – a Singaporean hotel company that’s behind swanky resorts in the Maldives and Mauritius – Shurooq will open the Lux* Al Bridi Resort inside the Sharjah Safari project in autumn next year. As the only luxury retreat inside the 800-hectares Al Bridi Reserve, the resort will offer visitors access to unique experiences including opportunities to spot the Big Five – rhinos, buffaloes, elephants, lions and leopards.

In Khor Fakkan, Lux* Al Jabal Resort is on track to open in the second quarter of next year. The nature-surrounded resort is set on a hillside overlooking Soueifa beach and villas that offer picturesque views over the bay.

Nomad, a new adventure travel experience consisting of 20 gleaming Airstream trailers set up at various locations across Sharjah, is also scheduled to open in the first quarter of next year.

Specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%20turbo%204-cylinder%20%2F%202.0%20turbo%204-cylinder%20(S3)%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20148bhp%20%2F%20328bhp%20(S3)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20250Nm%20%2F%20420Nm%20(S3)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20December%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20TBA%0D%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

'Outclassed in Kuwait'
Taleb Alrefai, 
HBKU Press 

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Uefa Champions League last 16 draw

Juventus v Tottenham Hotspur

Basel v Manchester City

Sevilla v  Manchester United

Porto v Liverpool

Real Madrid v Paris Saint-Germain

Shakhtar Donetsk v Roma

Chelsea v Barcelona

Bayern Munich v Besiktas

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

UAE currency: the story behind the money in your pockets
UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

It

Director: Andres Muschietti

Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor

Three stars

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Usain Bolt's time for the 100m at major championships

2008 Beijing Olympics 9.69 seconds

2009 Berlin World Championships 9.58

2011 Daegu World Championships Disqualified

2012 London Olympics 9.63

2013 Moscow World Championships 9.77

2015 Beijing World Championships 9.79

2016 Rio Olympics 9.81

2017 London World Championships 9.95

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The biogs

Name: Zinah Madi

Occupation: Co-founder of Dots and links

Nationality: Syrian

Family: Married, Mother of Tala, 18, Sharif, 14, Kareem, 2

Favourite Quote: “There is only one way to succeed in anything, and that is to give it everything.”

 

Name: Razan Nabulsi

Occupation: Co-founder of Dots and Links

Nationality: Jordanian

Family: Married, Mother of Yahya, 3.5

Favourite Quote: A Chinese proverb that says: “Be not afraid of moving slowly, be afraid only of standing still.”

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

The%20specs
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Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

THE%20HOLDOVERS
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BACK%20TO%20ALEXANDRIA
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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
'Young girls thinking of big ideas'

Words come easy for aspiring writer Afra Al Muhairb. The business side of books, on the other hand, is entirely foreign to the 16-year-old Emirati. So, she followed her father’s advice and enroled in the Abu Dhabi Education Council’s summer entrepreneurship course at Abu Dhabi University hoping to pick up a few new skills.

“Most of us have this dream of opening a business,” said Afra, referring to her peers are “young girls thinking of big ideas.”

In the three-week class, pupils are challenged to come up with a business and develop an operational and marketing plan to support their idea. But, the learning goes far beyond sales and branding, said teacher Sonia Elhaj.

“It’s not only about starting up a business, it’s all the meta skills that goes with it -- building self confidence, communication,” said Ms Elhaj. “It’s a way to coach them and to harness ideas and to allow them to be creative. They are really hungry to do this and be heard. They are so happy to be actually doing something, to be engaged in creating something new, not only sitting and listening and getting new information and new knowledge. Now they are applying that knowledge.”

Afra’s team decided to focus their business idea on a restaurant modelled after the Leaning Tower of Pisa. Each level would have a different international cuisine and all the meat would be halal. The pupils thought of this after discussing a common problem they face when travelling abroad.

“Sometimes we find the struggle of finding halal food, so we just eat fish and cheese, so it’s hard for us to spend 20 days with fish and cheese,” said Afra. “So we made this tower so every person who comes – from Africa, from America – they will find the right food to eat.”

rpennington@thenational.ae

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

Islamic%20Architecture%3A%20A%20World%20History
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Eric%20Broug%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Thames%20%26amp%3B%20Hudson%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20336%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20September%3C%2Fp%3E%0A
Updated: October 26, 2023, 10:57 AM