"According to projections earlier this year by Dubai's Department of Tourism and Commerce Marketing, the number of hotels will increase from 303 to 325 in 2007, providing an additional 8,370 rooms, and seven new hotel apartments will add 1,936 rooms.
Colliers said six new four- and five-star hotels opened between 2006 and the third-quarter of 2007, adding 1,294 rooms. "Approximately 30 hotels that had a previously stated delivery date for 2007 remain under construction," it said.

The number of hotel rooms is expected to increase by 32.7 per cent annually until 2011."

"Bawadi, a member of Tatweer, and Emaar Properties PJSC, the property developer with a significant presence in 16 countries, have joined hands to develop 70 million sq ft of land in Bawadi, the largest hospitality and leisure development in the world, located in Dubailand."

The AED 60 billion project will be a signature development by the joint venture with equal equity participation by Bawadi and Emaar. Bawadi will contribute 70 million square feet of land valued at AED 3.85 billion in lieu of its ownership interest. Emaar will contribute AED 3.85 billion in cash to the joint venture over the project construction period to finance the project build.