Development kicks off for Middle East’s first hybrid co-living hotel in Dubai
- The innovative i8 Hotel at DIC will be the first in a USD 500 million portfolio and is scheduled to be delivered in 2024
- The 15,000 m2 property will feature 256 rooms together with exceptional facilities and co-working, social, and entertainment spaces
Dubai, United Arab Emirates – 13 October 2022: Arbah Capital and Strategic Housing Group (SHG) today announced that development has commenced on the first i8 Hotels property of the partners’ targeted USD 500 million portfolio. The two parties teamed up earlier this year for the roll-out of the region’s first integrated co-living residences and hybrid hotel concept under the Innov8 Living umbrella.
Strategically located in the heart of Dubai Internet City (DIC), the new property will feature 256 rooms spread across a total floor area of 15,000 m2. i8 Hotel at DIC will provide comfort, visual aesthetics, and convenience across the accommodations and shared areas including eateries, common kitchen lounges, and laundry facilities. Guests and residents will also benefit from versatile co-working, social, and entertainment spaces, interactive fitness amenities, a mini-mart, and much more.
Mahmood Al-Kooheji, CEO of Arbah Capital, commented: “We are very excited to launch this brand, which we are confident will deliver tremendous value to both prospective tenants and our investors. This is just the first in a series of investments we will make in developing a broad portfolio of innovative properties, and we are looking forward to exploring further opportunities throughout the region.”
SHG will leverage the expertise and wealth of experience it has gained in developing and operating over 5,000 beds in the GCC region to ensure that exceptional brand standards are achieved and the vision of the appointed architects, FACE, is brought to life throughout the property.
Vik Rao, CEO of Strategic Housing Group, added: “With the launch of the Innov8 Living brand, our goal is to bring a new social dynamic and added convenience to the market that speaks to the needs of today’s lifestyles. The first of our properties in Dubai Internet City will set the benchmark for this concept with its exceptional quality and ideal location in the heart of the city’s thriving technology hub.”
Dubai Internet City has established itself as the location of choice for leading multinational technology firms from across the globe, while the neighboring districts of Dubai Knowledge Park (DKP) and Dubai Media City (DMC) host more than 3,000 companies and 50,000 employees. These include renowned global organizations such as Hewlett Packard, Google, Cisco, Oracle, CNN, and CNBC. Several prominent educational institutions are also located nearby with over 20,000 students attending, including Middlesex, Heriot-Watt, and Wollongong Universities, and Hult International Business School.
Parallel to the development of the Dubai property, Arbah Capital and Strategic Housing Group are looking into expansion opportunities across the region. The joint venture partners intend to develop hybrid hotels and co-living residences internationally in dynamic cities in the vicinity of technology hubs, financial and commercial centers, work districts, medical precincts, airports, and industrial zones.
Innov8 Living’s hybrid hospitality model provides flexibility for short-term visitors and longer-term residents with various choices of lease options and services offered. The new property caters to the needs of guests who are pragmatic, driven by ambitions of a quality lifestyle, and appreciate unwinding from the bustling everyday routine. Its interiors reflect urban living and high-quality design, which creates a sense of community in its communal areas through timeless open-plan spaces that blend modern materials and colors while ensuring the utmost convenience for self-sustainable living.
