UAE firms show interest in first underwater hotel
Cost of building smallest design to be between US $50-80 million
Drydocks World, the shipbuilding arm of Dubai World is in talks with several UAE companies about building the ambitious Water Discus Hotel, according to a report by Emirates 24/7.
Interest for the underwater hotel concept has continued to rise in the region, even whilst it becomes clear the potential cost of building even the smallest underwater hotel design, consisting of two discs, will be between US $50 to $80 million.
“We have been been approached by UAE companies who want us to build the discus hotel for them. Negotiations are ongoing, but nothing has been finalised,” a senior executive of Drydocks World told the newspaper.
The source also revealed that Drydocks World is currently only planning to build the hotels for third party investors, and not for the company itself. Drydocks World has a joint venture with Big Invest Consult, which represents Deep Ocean Technology, which owns the technology and concept of the Water Discus hotel to develop the hotels in the Middle East.
Drydocks World did not provide details on possible locations for the hotels in the UAE, saying: “We don’t know about the location yet. The hotel can be moved from one location to another.”
The Water Discus hotel will comprise a number of discs under water at depths ranging from 10 to 30 metres. The hotel’s design will allow it to be expanded and customised to suit the surroundings and requirements of clients.
Each disc will be an independent structure of approximately 1000 m2 and will form a single component of a larger complex. The modules can be used to build hotels in various sizes based on requirements by investors and clients.
It was announced in May 2013 that the Ministry of Tourism in Maldives had approved plans for a similar hotel to be built on the island of Kuredhivaru as well.