In a notable real estate transaction, Select Group has acquired the Radisson Blu Hotel in Dubai Media City for over AED200 million. Knight Frank MENA, led by Andrew Love, brokered the sale, marking the highest recorded hotel deal in Dubai’s Media Free Zone.

The hotel, surrounded by corporate giants like META, Pfizer, and Samsung, is set to undergo a major refurbishment. Select Group’s founder and chairman, Rahail Aslam, announced plans to revamp the rooms, public areas, and dining venues, aiming to enhance the property’s appeal for travelers and residents. He emphasized this move as part of the company’s growth strategy to cater to evolving demands in the hospitality market.

Andrew Love highlighted the significance of this transaction, noting that it underscores Dubai’s position as a sought-after destination for hotel investments. This deal is part of Knight Frank’s active role in Dubai’s hospitality sector, having facilitated nine out of 12 hotel sales in the past 18 months.

The upgrades will establish the Radisson Blu Hotel as a key player in Dubai’s bustling hospitality and business scene, further elevating the Media Free Zone as a global hub for innovation and corporate activity.