IslamicFinance.de

R Hotels is to develop the first sharia-compliant, four-star resort and spa on Palm Jumeirah, with the company targeting a Q4 2016 opening following AED500 million (US $136.2 million) of investment. Located on the East Crescent of the man-made island, the hotel will be the sixth property for R Hotels, the hospitality management division of R Holding. No operator has been confirmed yet, although a spokesperson said that it will be an international hotel brand. Aimed at leisure travellers, iIt will feature 259 rooms, modern recreational facilities and family-friendly entertainment. Besides, R Hotels is currently developing a hotel on Al Mina Road in Jumeirah, expected to open in the second quarter of 2015.