Expects Nakheel, one of the leading real estate development companies in Dubai, which topped the debt crisis in 2009, that there will be nine hotel projects under development by 2016.

The company plans to develop four new hotels in Deira Island, Palm Island project off the coast of the emirate. Mr. Ali Rashid Lotte Chairman of the Board at a press conference that the company also plans to develop four other development projects in the rest of the city.

The new hotel is part of the new projects that Nakheel plans unveiled this year, which include residential units, shops, spas and entertainment value of total sales of $ 6 billion AED. And citing Bloomberg News.

"We are seriously considering to expand in the field of hospitality, which goes along with the vision of the Dubai government to try to build adequate facilities, and by 2016, we will have nine hotels and more," adds Mr. Lotte.

Have been rescued Nakheel by the government in 2009 in the wake of the financial crisis. Earlier this month, the company announced that it plans to repay the amount of 6.8 billion dirhams of debt before the deadline of one year.

According to a statement distributed at the press conference, the company will provide nearly 1,600 house in 2014, after the submission of more than 3,150 home during the past year