Dubai’s AED 1B ($272M) Marbella-themed resort on the World Islands sold out within eight hours of its launch, as reported by the Kleindienst Group.
The developer of The Heart of Europe, which oversees the project, has declared that the initial phase of its AED 1B ($272M) Marbella Resort Hotel, Vignette Collection by IHG Hotels and Resorts on the World Islands, has been successfully sold.
More than 2,000 attendees visited the exclusive launch event, demonstrating strong demand for luxury properties in Dubai’s thriving real estate market.
The beachfront development’s first phase, situated on Europe Island, was completely sold out within eight hours, reflecting substantial interest from various nationalities including UAE nationals, Saudis, Indians, and Europeans.
Sarah Ali, Chief Operating Officer of The Heart of Europe, expressed satisfaction with the enthusiastic response to The Marbella Resort Hotel’s launch. The project underscores their commitment to offering exceptional experiences that combine advanced innovation with sustainable practices.
“The rapid sell-out of Phase 1 confirms the confidence and trust in our vision and the unique offerings of this development. We look forward to announcing the launch of future phases soon.”
Inspired by the architectural wonders of Marbella in Spain, the Marbella Resort Hotel aims to bring the Costa Del Sol experience to the UAE with its distinctive Andalusian-inspired design.
As the first Vignette Collection by IHG Hotels and Resorts on the World Islands, the Marbella Resort Hotel will offer 150 luxury accommodations including keys, suites, chalets, and cabanas overlooking the sea, snow plaza, or raining street.
The hotel will boast private coral reefs for guests, enabling them to explore the stunning underwater world in an immersive manner.
In Dubai, the Marbella Resort Hotel will provide a range of pricing options to suit different preferences and needs, along with popular assured and guaranteed returns on investment of 8.33% per annum for 12 years.
