Riyadh witnesses an increase in luxury developments

As regional players are poised to take on more visitors ahead of the reviving economy, Riyadh is increasingly witnessing a steady increase in demand for luxury properties and developments. This trend is clearly evident in the uptake of high quality development projects being witnessed. Of the many, Qasr Al Aqeeq Hotel by Al Aqeeq Real Estate Development poised to become a landmark building in Riyadh. The 15-storey, five-star hotel and residences complex in Riyadh, KSA will showcase 198 guestrooms and wings, in addition to 70 serviced apartments. Other facilities include dining venues, a gym and spa, swimming pool areas, a kids’ club, retail and coffee shops, and hairdressing services. Mohamed Al Assam, founder, chairman and managing director of Dewan said: “This is a building we can leave to future generations. This luxury hotel will be operated by an international five-star hotel operator which will be announced in due time by Al Aqeeq.” Source: Travel Daily