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Propsearch guide to Dubai real estate: Developments

Mövenpick Hotel & Living

Residential building, Business Bay, Dubai
Mövenpick Hotel & Living Key Information
Location type
Residential building
Phase
Under development
Floors
36
Building type
Skyscraper
Total units
403
Companies Associated with Mövenpick Hotel & Living
Developer
Architectural Consultant
Contractor
  • Mövenpick Hotel & Living is a 36-storey residential building under development in Business Bay, Dubai.
  • The development will contain an estimated 403 units.
  • The estimated handover date was Q4 2016.
  • Construction began in 2015.
  • The project is being developed by SAAS Properties.
  • The architect of the project is National Engineering Bureau.
  • Kele Contracting has been appointed as the main contractor.
  • From Mövenpick Hotel & Living it takes roughly seven minutes to drive to Dubai Mall, 21 minutes to Palm Jumeirah, 19 minutes to Burj Al Arab and 24 minutes to The Walk JBR.
  • Dubai International Airport (DXB) is roughly 17 minutes' drive and the new Al Maktoum International Airport is roughly 44 minutes' drive. All durations are calculated by Google Maps and assume the fastest route in typical traffic conditions.
  • The building will contain hotel rooms, one-, two-, three- and four-bedroom serviced apartments and some office space. The hotel apartments will occupy the lower 14 floors.

  • Amenities will include a business centre, health club, swimming pools including a children's pool, a beauty clinic, prayer rooms and a sauna and steam room.

  • Richreit Tower is a reincarnation of the Hydra Towers project which was cancelled after running into financial trouble.

  • In 2011 construction work came to a halt and was not resumed until February 2015. By September 2015 the project was renamed ‘Richreit Towers’.

  • Although the foundations and podium levels had already been constructed in 2010, the tower was still able to undergo a (much needed) architectural redesign.

Mövenpick Hotel & Living Milestones
Estimated Handover Date
Q4 2016
Construction Started
2015
Proximity to landmarks
Burj Al Arab
19 mins drive
Al Maktoum International Airport
44 mins drive
Dubai Mall
7 mins drive
The Walk JBR
24 mins drive
Ibn Battuta Mall
25 mins drive
La Mer by Meraas
17 mins drive
Mall of the Emirates
16 mins drive
Dubai International Airport
17 mins drive
Palm Jumeirah
21 mins drive

Construction Updates

Mövenpick Hotel & Living Construction Progress

Main structure
2014
Dec
In early stages
2015
Nov
Roughly 50% complete
2017
May
Roughly 75% complete
2018
Feb
Roughly 75% complete
2019
Mar
Topped out
Facade
2017
May
In early stages
2018
Feb
Roughly 25% complete
2019
Mar
Roughly 75% complete
2020
Jul
In the late stages
2021
Jun
Complete
MEP & interior fit-out
2020
Jul
Underway
2021
Jun
In the late stages

MEP = Mechanical, Electrical and Plumbing.

The dates above refer to when we monitored the site and not the exact date that construction reached a particular stage.

Please note that our progress updates are visual estimations only and should not be confused with official progress reports issued by the government regulator.

We do our best to keep the data accurate. If you notice any mistakes on the page or have additional information you can notify us here:

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