March 20, 2019- An investment vehicle - Al Sharq Investment - has signed a contract with Marriott International to re-brand its Alef Residences project which is a mixed-used development, as a W Hotels Residences in the Middle East.
The adjoining W Dubai - The Palm opened its doors recently, and Marriott International has previously stated it will be growing its global branded residential portfolio by 70% by 2022.
Dana Jacobsohn, vice president, global mixed-use development at Marriott International, noted: "Dubai is the perfect location to debut our W Residences in the Middle East."
The project includes eight mansions with 104 residences priced from AED 15 million (US$4.08m) to AED 85 million ($23.15m). The W Residences Dubai – The Palm also offers five penthouses with private lobbies and lifts, 15 garden residences with private landscaped garden and swimming pool, 84 panorama residences with only two units per floor.