DUBAI-Touted as the first direct investment of its kind in the United Arab Emirates by a US hotel developer, Dallas-based JMJ Hospitality has revealed plans for an upscale hotel and condominium complex to open here in 2009. The Rosewood Dubai International Financial Centre will have 193 keys, 156 of them deluxe rooms, as well as 36 suites and a Royal Suite. The 55 condominiums will also be branded and managed by Rosewood.

“We believe in the future of Dubai, which is one of the world’s premier destinations,” says JMJ president Christopher Knable. “We look forward to this exciting landmark development and…are actively seeking to do more [in the UAE] now that we have taken this important first step.” The project is being developed on a site owned by the Buildings by Daman.

The JMJ project comes at a time of explosive development in the UAE, with hotel construction expected to increase significantly. According to a report issued recently by Lodging Econometrics, there are 304 hotel projects delivering rooms in 12 Middle Eastern countries through the end of the decade. Of those, 101 projects accounting for nearly 42,000 rooms–or 47% of the total units in the Middle East pipeline–are being constructed in Dubai. That puts the emirate only second to Las Vegas in the number of rooms being produced in a given market, according to LE, which says the UAE region as a whole is focused on luxury product. NH-based LE says 87% of the 101,000 Middle East rooms planned are in establishments rated four stars or above, including a number of six- and seven-star rated facilities anticipated for Dubai.

Praising JMJ for possessing “a wealth of ultra-luxury experience,” Shehab Gargash of Daman Capital Real Estate Partners says the company should fit in well with the Dubai lodging landscape. “The Rosewood brand is an international symbol of quality and luxury in the hospitality industry,” says Gargash, adding, “we see this as not only an important step for JMJ, but a strong signal for heightened investment interest in the region.” Luxury elements of the Rosewood hotel will be upscale restaurants, a gala ballroom, state-of-the-art business center and a rooftop spa and fitness center. The 55 condominiums will be available for sale later this year.

JMJ Hospitality is a division of JMJ Holdings, a Dallas-based developer active in hotels, mixed-use and residential projects using an intensive hands-on process that allows for pursuit of complex undertakings. Rosewood Hotels are already located internationally in such markets as Tokyo, the Virgin Islands, Costa Rica and Mexico.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.