Premium Hotel Plots Up For Sale In Dubai Marina

Dubai Marina could soon see a glut of new hotels, with four plots of land currently up for sale and two four-star hotel owners seeking new buyers.

The Dubizzle online listings website currently has two unnamed hotels in Dubai Marina listed for sale.

A 12 storey, 59,000 sq ft property with 299 rooms has been listed with a price tag of AED320m (US$87m), while another four-star property, which is 129,000 sq ft and claims 100 percent occupancy, has an asking price of AED250m (US$68m).

A number of plots of land are also being offered for hoteliers seeking an entry into the market. The plots range in price from AED120m (US$32m) to AED142m (US$38.6m).