Oberoi to open first hotel in Dubai

Rani International, a Saudi real estate company, is to invest AED 750 million to construct two 30-storey towers at Dubai Business Bay. One of the towers will be a luxury hotel with 250 rooms and 40 serviced apartments, while the other will house offices.

The hotel is expected to open in early 2009 and will be run by the Oberoi Group, a luxury hotel chain headquartered in India.

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