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Kleindienst Group to Boost Dubai’s Five-Star Hotel Inventory by 10%

Published by UAE Business

As of August 2024, Dubai’s total available five-star hotel rooms stand at 52,750. Kleindienst Group is set to become the largest five-star hotel developer in Dubai with its ambitious 5,000-room mega project across The Heart of Europe on The World Islands. The group has also reached a 20% construction milestone for its AED 500 million Hotel London.

Kleindienst Group, a leading global business conglomerate and the master developer of The Heart of Europe, has announced a major expansion that will add 5,000 five-star hotel rooms to Dubai’s hospitality sector. This will increase the city’s current five-star hotel room inventory by 10%, according to Dubai’s Department of Economy and Tourism.

This expansion positions Kleindienst Group as the largest five-star hotel developer in Dubai, contributing significantly to the government’s vision of a thriving hospitality sector and reinforcing Dubai’s global standing as a premier tourism destination. The project marks one of the largest hospitality expansions in the city’s history.

Additionally, Kleindienst Group has celebrated a 20% construction milestone for its AED 500 million Hotel London, which will combine classic British elegance with modern sustainability, offering a unique fusion of heritage and innovation.

With a total value of $6 billion, spanning six islands on The World Islands, the group’s ambitious development will include over 20 hotels and resorts, totaling 5,000 luxury rooms. This positions Kleindienst Group as a central player in Dubai’s hospitality sector.

Josef Kleindienst, Founder and Chairman of Kleindienst Group, commented, “Reaching the point where we account for 10% of Dubai’s five-star hotel inventory and becoming the largest developer in this space is a significant milestone for us. It underscores our commitment to solidifying Dubai’s position as the world’s leading luxury tourism destination, while delivering projects that provide long-term value and high returns for our investors.”

“We align our strategies with Dubai’s 2040 Urban Master Plan, focusing on sustainable development and diversifying attractions to enhance visitor experiences. We also fully support the Dubai Economic Agenda ‘D33’ in boosting tourism by developing world-class infrastructure, including hotels, resorts, and attractions.”

The Heart of Europe project offers a secure and flexible investment opportunity, promising guaranteed high rental yields and strong capital appreciation, with a 100% return on investment over 12 years. It is an ideal choice for those seeking long-term value and stability.

For more information about Kleindienst Group, please contact:
comms@thoe.com

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