Thursday 29 February 2024

Shamal Holding to bring Baccarat Hotel to Dubai

DUBAI, February 7, 2023

Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has announced the development of the opulent new Baccarat Hotel and Residences in Dubai, UAE.

Set to open in 2026, Baccarat Hotel and Residences Dubai will be the first location of the iconic brand in the UAE and will offer a level of elegance reflective of the heritage of the brand. The hotel is part of a new ultra-luxury, mixed-use development in Downtown Dubai, in line with Shamal Holding’s commitment to investing in the extraordinary.

The architectural masterpiece that will be Baccarat Hotel & Residences Dubai is crystalline-inspired, creating a majestic presence that shines bright amongst the iconic skyline of the Downtown district. Offering uninterrupted views of the Burj Khalifa, the Dubai Frame, Al Fahidi Fort and the Dubai Creek, the opulent hotel situated in tower one will host 144 rooms and suites, along with 49 Baccarat branded residences and four exquisite food and beverage outlets.

“Best known for its regal elegance, the Baccarat brand has one of the richest brand equities in the luxury hospitality sector, which aligns closely with Shamal’s long-term investment strategy to bring extraordinary experiences to the region,” said Abdulla Binhabtoor, Chief Portfolio Management Officer, Shamal Holding.

“Dubai is known for its luxury hotel portfolio, and we are confident that this mixed-use development will be a new highlight for both residents and visitors. We are working closely with a range of exceptional partners as we curate this unique development and we look forward to contributing to Dubai’s hospitality offering and wider growth ambitions.”

The project will be managed by SH Hotels & Resorts. “We are thrilled to be partners in the development of this extraordinary hotel and residences in one of the top travel destinations in the world,” said Barry Sternlicht, Chairman of SH Hotels & Resorts.

“The Baccarat brand celebrates the quality of light, and where is the sun more spectacular than in the Middle East. Our artisans will work to create a spectacular property to take its place among the most revered in the world.”

The owner, Shamal Holding, will collaborate closely with H&H Development a real estate investor, developer, and asset manager based in Dubai. The partners have assembled the best team to work on the construction of the Baccarat Hotel & Residences, including unrivalled architectural design by renowned Studio Libeskind and interior design studio, 1508 London.

The breathtaking angular formed, two-towered building features glimmering glass facades reflective of desert sand, sea, and sun as well as exquisite Baccarat crystal, creating a sophisticated mark of difference that thoughtfully harmonizes with the nearby Dubai skyline. With easy access to both the new and the old Dubai, and in close proximity to Dubai Mall and DIFC from its Downtown location, visitors may quickly and easily connect to renowned institutions from the worlds of fashion, art, food, and entertainment.

“To establish a new quality level and to realize cutting-edge and timeless design, every one of our projects is constructed with a critical eye.” said Miltos Bossinis, Chief Executive Officer, H&H Development LLC. “The Baccarat brand presents an invaluable opportunity to create a truly bespoke and unique development that unites the heritage of Baccarat with the contemporary spirit, energy and dynamism of Dubai. We look forward to working with Shamal Holding and all of our partners on what will undoubtedly be an industry-defining project.”

Founded by King Louis XV, Baccarat is a legendary French crystal company whose artisans have mastered their craft for over 250 years. The Baccarat name has long been synonymous with royalty, kings and queens, sultans and tsars, moguls and modern-day stars. – TradeArabia News Service


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