UAE real estate investor and developer Mak-aseb Holding will open four hotels in Dubai by the end of 2009.

The hotels are part of the company's two Dh2 billion real estate projects in Jumeirah Village South.

Makaseb said yesterday it has roped in Scotland-based company Sanctuary Hotels and Resorts to manage its Dh1 billion Quattro West Hotel and Business Park in Jumeirah Village South.

Quattro West Hotel and Business Park will comprise a five-star hotel with 350 rooms, a shopping mall, an office tower, and a hotel apartment block with 260 units.

Construction work will begin by the end of this year and will be completed in 2009, Makaseb director Hesham Abdul Gani said.

He said the company will soon launch two hotel projects in Ras Al Khaimah as part of two new mixed-use property developments.

Jumeirah Village South is also the site of Makaseb's another Dh1 billion project, Quattro Hotel and Business Park. This one-year-old project has two four-star hotels under development.

"All four hotels in Jumeirah Village South will open by the end of 2009," Makaseb business development manager Mahrooz Rufi said.

Residential project

The company is launching next month a Dh800-million two-tower residential project in Dubai, Rufi said. Sanctuary is a new hotelier and manages just one hotel in Britain. It has signed management contracts for one four-star hotel and one five-star hotel in Abu Dhabi.

The two properties will become operational by the end of this year, Sanctuary chief executive officer Peter Blackburn said.

The company's target is to have 10 hotel management contracts by the end of 2007 and sites are being looked at in the UAE and the region.