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Dear Habtoorians,
As we all know, 2016 has been a year of enormous achievement
for the Al Habtoor Group. A year which has seen the birth of a new
iconic destination in Dubai – Al Habtoor City. This destination on
the banks of the new Dubai Water Canal adjacent to Sheikh Zayed
Road, with the iconic Hotel Collection – St. Regis Dubai,
W Dubai – Al Habtoor City, and The Westin Dubai, Al Habtoor
City, 3 beautiful residential towers, the Le Perle permanent theatre
show, which will be second to none as well as an array of restaurants, retail shops and several
other attractions will become the place to be.
This year we will also bring back an iconic destination from the past - the Metropolitan Hotel Dubai
on the Sheikh Zayed Road in its full former glory complete with the old favorites - The Red Lion,
one of the most popular pubs in Dubai, as well as the Don Corleone Italian restaurant, which has a
reputation for serving up the best traditional Italian dishes. Both brands are fondly remembered by
several Dubai residents even today including, I am sure, a good number of you Habtoorians.
The Al Habtoor Group will also create another unique destination – the Al Habtoor Polo Resort &
Club consisting of world class equestrian facilities and three large polo fields surrounded by 148
high-end villas. The main centerpiece of this oasis in the desert is the boutique St. Regis Dubai,
Al Habtoor Polo Resort& Club hotel consisting of 124 luxurious rooms.
2016 was a great year for Al Habtoor Motors with the opening of the new 100 million Dirham
Bentley flagship showroom. This colossal 75,000 sq. ft showroom is Bentley’s largest standalone
dealership in the world. Al Habtoor Motors, for the first time, made in-roads into the Saudi market
with FUSO commercial trucks.
The Al Habtoor Group’s projects department has been very active in building the extension of the
EIS-Jumeirah Primary School campus as well as building the Emirates Oasis Villas on Al Thanya
Street.
On the acquisition side of the business, we are glad to report the successful purchase of two
commercial properties in Budapest in September.
We have not lost sight of our operating assets both locally and internationally, including the hotels
which have been recently acquired and have come on board the hospitality portfolio. We are glad
to inform that all our hotels and other operations have seen successes and have been performing
at much better levels than previous years.
With all of these developments, we as Habtoorians, are extremely proud to be part of such iconic
and unique developments. At the same time, each one of us carries an enormous responsibility
on our shoulders to ensure the continued success of the Group and we are very confident that all
of us will stand up to the challenges and take the Al Habtoor Group to new heights in the coming
years.
Sunderesh Iyer
Chief Operating Officer, Al Habtoor Investment
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