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Radisson Blu Media City Sold

Dubai property developer Select Group has acquired the Radisson Blu Hotel Dubai Media City for more than $54.5M, marking the highest recorded hotel sale in Dubai’s Media Free Zone.

The transaction, brokered by Knight Frank MENA, comes as Dubai’s hospitality sector continues to attract significant investment. The deal represents Knight Frank’s ninth hotel transaction in Dubai over the past 18 months, out of twelve total hotel sales in the emirate during that period.

Select Group plans to undertake a comprehensive refurbishment of the property, which is situated near the regional headquarters of major corporations including META, Pfizer, Samsung and Mastercard. The renovation will focus on enhancing food and beverage offerings to address what the company identifies as a critical gap in the area’s hospitality landscape.

“We are excited to announce the acquisition of the Radisson Blu Hotel, Dubai Media City, marking a pivotal milestone in our ongoing commitment to securing prime assets in strategic locations,” said Rahail Aslam, Select Group’s Founder and Chairman. “As part of our vision, the property will undergo a comprehensive refurbishment program for rooms, public areas and food and beverage venues to enhance the experience for travellers and residents.”

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