The project involves construction of a four-star “Byblos Hotel” will be located at Plot No. PJTRH0FH on the trunk of Palm Jumeirah Island , opposite the One & Only Royal Mirage Hotel. The Hotel comprises 2 basement levels, a ground floor, 9 additional floors and a roof offering 144 rooms. Palm Jumeirah, the Nakheel development in Dubai which has until now largely been associated with five-star luxury, is set to get its first budget hotel next year. “The Palm Jumeirah property will cater to tourists mainly but also to meetings and events [sector],” said the chairman of Byblos Hospitality, which manages five mid-scale properties in Dubai. “Most of the beach hotels are five-star properties but with the new destinations that [Dubai’s Department of Tourism and Commerce Marketing] and Emirates Airlines have opened up for Dubai, the tourist volumes have increased and budget accommodations are needed now; moreover, four-star hotels do not need huge investments.” The project is currently under design stage. Work is expected to commence by early 2015. The hotel is slated for opening in early 2016.