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Dubai-based Nakheel on Wednesday announced the signing of a Letter of Intent for a management agreement with Thailand’s Minor Hotel Group for a 372-room hotel at Ibn Battuta Mall.
Dubai can avoid this by adopting a two-pronged approach for its Mobility concerns: by sticking to its strategic plans of making public transportation accessible and also, by successfully convincing people to ditch their cars, an expert said.
The Roads and Transport Authority (RTA) said the Dubai Metro project, since it first became operational in 2009, has had a positive impact on the value of land and commercial properties in the vicinity of Metro stations, as well as areas linked by the feeder bus service by as much as 7 to 34 per cent.
UAE residents with a penchant for wanderlust can experience the marvels of the world in a single journey, flying from one destination to the next on board a luxury jet, staying in posh hotels, pampered by local guides and personal assistants.
Adnan Al Hammadi, the chief executive of the RTA's Rail Agency, declined to say how many stations would be renamed or what they would cost. "Each of these chosen stations has a unique value, calculated according to its prime location, anticipated passenger numbers and other variable factors," he said.