Dubai-based property developer Omniyat has announced plans to open 505 hotel rooms and 495 serviced apartments in the Emirate by the year 2020—which fits in well with the Tourism Vision for 2020, a plan for Dubai’s tourism industry with the ultimate goal of getting 20 million visitors to visit the Emirate each year by 2020. Dubai offered incentives for developers to open hotels in the Emirate by that time.
Omniyat will open three developments in the city by 2020: Langham Place, downtown Dubai, with 167 hotel rooms and 153 serviced apartments; Plot 18, Business Bay, with 245 hotel rooms and suites and 246 serviced apartments; and The Opus, with 93 hotel rooms and 96 serviced apartments. The Opus development was designed by the late architect Zaha Hadid.
Speaking at Cityscape Global 2016, Omniyat managing director Mark Phoenix said that the company would introduce a total of 505 rooms to the city under “some of the world’s finest hospitality brands."
Omniyat said that since launching in 2005, it has $4.41 billion worth of projects in progress.