Emaar Properties sold the Address Sky View Hotel, located in the Sky View Towers in Downtown Dubai, to a European fund for 750 million dirhams.
According to Al Bayan newspaper, the hotel has 169 rooms, distributed on the upper levels of the Sky View, which consists of two tall towers linked via the famous Sky Bridge over the famous Infinity Pool 70 meters.
and international investors are looking to conclude new deals that focus on Dubai hotel properties, for three reasons that distinguish these assets, which are competitive prices, high returns and Dubai's attractiveness to tourists.
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The New Deal is one of the largest real estate deals in the market and confirms the attractiveness of Dubai's projects and its immunity against the effects of the outbreak of the epidemic, and reflects the desire of international investors to invest in unique and high-quality real estate assets. Added value.
In late 2018, Emaar sold five of its hotel properties to the Abu Dhabi National Hotels Company in a deal worth 2.2 billion dirhams.
