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Jumeirah plans a new hotel and residences in Dubai, expanding into La Mer South by 2029.
Jumeirah, a luxury hotel group, plans to expand in Dubai with a new hotel in La Mer South and two residences.
The hotel, Jumeirah Asora Bay, will include 103 rooms and 20 villas, opening in 2029.
The residences, developed with Meraas, will have 29 high-end units.
Dubai's luxury property market is booming, with branded residences seeing a 69% premium over non-branded ones.
Demand surged in 2024, driven by international high-net-worth investors attracted to the tax-free lifestyle and stability.
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Jumeirah planea un nuevo hotel y residencias en Dubai, expandiéndose a La Mer South para el año 2029.