Business

CG Developers Launch First JW Marriott Residence in Dubai

CG Developers, the real estate arm of multinational conglomerate of the Khatmandu-based CG Corp Global, on Thursday announced the launch of the first JW Marriott Residence in Dubai.

The milestone event saw the formal signing, the unveiling of JW Marriott Residences at Dubai Islands, Central, and the reveal of CG Developers’ new Global logo. 

The company’s Chairman Binod Chaudhary family’s roots began in Nepal, and over the decades, they built CG Corp Global into Nepal’s first multi-billion-dollar multinational conglomerate, with a 100-year legacy.

This luxury residential project in the heart of Dubai Islands combines CG Developers Global’s proven real estate expertise with Marriott International’s renowned service and global presence. Featuring 115 exclusive ocean-view residences, it offers seamless ownership with signature services, premium lifestyle privileges, and refined architectural design.

Rahul Chaudhary, Managing Director, CG Corp Global & CG Developers Global, said that their upcoming development on the Dubai Islands is a milestone they were truly excited about, as it reflects and aligns with the vision of Dubai.

“Each step has been about raising standards and pushing boundaries, and this new project is another testament to our commitment” he added.

CG Corp Global’s broader collaboration with Marriott also includes converting the globally renowned Wellness Resort, The Farm at San Benito, into the first Autograph Collection in Philippines.

Another landmark agreement between the two companies includes the founding deal for Marriott’s new global collection brand Series by Marriott™, with plans to affiliate Fern Hotels (A Member of CG Hospitality) with the brand.

Sandeep Walia, Chief Operating Officer – Middle East & Luxury – Europe, Middle East & Africa at Marriott International, said that Dubai remains one of the most dynamic residential markets globally, and they were proud to expand their relationship with CG Hospitality to bring the first JW Marriott Residences to the city.

“JW Marriott Residences at Dubai Islands, Central will enhance luxury living in Dubai by offering owners thoughtfully designed living spaces that foster mindfulness and elevate everyday living,” Sandeep added.

The event drew corporate leaders, including Stella Li, Executive Vice President of BYD Group, and Omar Al Futtaim, CEO of Al-Futtaim Group, alongside Bollywood stars Sonakshi Sinha and Zaheer Iqbal.

Marriott’s Portfolio

Marriott International is accelerating its growth in its branded residential portfolio in the Middle East & Africa (MEA) region, with more than 40 projects in the portfolio, including 29 in its signed pipeline and 12 open properties.

In the past three years, the global hospitality leader has signed 19 agreements in the MEA to bring branded residences to iconic destinations in the region – which is more than double the amount from the preceding two years.

With locations ranging from luxurious addresses, such as the highly anticipated project, Nujuma, a Ritz-Carlton Reserve Residence, to premier urban destinations like the W Residences at Dubai Harbour, there is a wide variety of options and locations in the company’s pipeline.

The portfolio includes 16 luxury and premium brand offerings, 11 of which have an open or signed residential property in the EMEA region.

Some of the projects for which the company has signed agreements and/or launched include: The JW Marriott Residences New Cairo; The Ritz-Carlton Residences, Cairo, Palm Hills; W Residences Cairo – the first W Hotels branded residence in Africa; The Ritz-Carlton Residences, Dubai, Creekside; The Ritz-Carlton Residences, Diriyah; The St. Regis Residences, Financial Center Road, Dubai; the Marriott Residences Jumeirah Lakes Towers, Dubai; W Residences Abu Dhabi – Al Maryah Island; W Residences Dubai – Jumeirah Lakes Towers; JW Marriott Residences Al Marjan Island; and The Ritz-Carlton Residences, Ras Al Khaimah, Al Wadi Desert.

Global Business Magazine

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