Dubai developer Emaar has announced the expansion of its hospitality division into South Asia with a management contract for a new resort in the Maldives.
Address Madivaru Maldives Resort + Spa will span 75,000sqm on the 2.42 sqkm Ethere Madivaru Private Island, owned by Finolhu Investment Ltd chairman Adam Abdul Gafoor.
It will include 80 beach and over-water villas, dedicated spa and water sport islands, floating restaurants and lounges, over-water fitness facilities, swimming pools and children’s play areas.
The property, which is 20 minutes from Velana International Airport by seaplane, is scheduled to be operational in 2020.
“We will work closely in the design and development of the hotel project, with a focus on maximizing its oceanfront location,” said Emaar Hospitality Group CEO Olivier Harnisch.
“Address Madivaru Maldives Resort + Spa will not only enhance our reputation as a global hospitality provider but also add value to the local economy through its role in promoting premium tourism and holiday home investments.”
Emaar Hospitality currently has 11 operational hotels and three serviced residences in Dubai as well as upcoming projects in the UAE, Bahrain, Saudi Arabia, Egypt and Turkey.