ADCB to provide ETA Star with Dh275m for resort

DUBAI, — ETA Star, a property developer in the UAE, announced that it has signed a loan agreement with the Abu Dhabi Commercial Bank (ADCB) for the construction of its Taj Exotica Resort and Spa. Under the agreement, ADCB will provide ETA Star Dh275 million for the construction of the resort complex set on the crescent of the Palm Jumeirah.

By A Staff Reporter

Published: Thu 4 Oct 2007, 8:28 AM

Last updated: Sat 4 Apr 2015, 11:24 PM

ETA Star is constructing the Taj Exotica Resort and Spa in partnership with the world-renowned Taj Group of Hotels. The Taj Exotica Resort & Spa is a five-star hotel with world-class facilities. The project is modelled on the archetypal palaces of Rajasthan.

Mr. Shafqat Ali Rana, Regional Head, Business Banking Group, ADCB Corporate Office, said, "We are pleased to be part of this project development and we look forward to serving the real estate community."

The highlight of the 262-room Taj Exotica Resort & Spa is the internationally renowned 'Jiva Spa' which will be the largest spa in the Middle East. The spa comprises single and double treatment suites, beauty treatment rooms, meditation and yoga pavilions, relaxation pools and fully equipped gyms. Other facilities at the Taj Exotica Resort & Spa, Palm Jumeirah, Dubai include swimming pools, tennis courts and private beach.

ETA Star has launched projects close to 10 million sq ft in various master development communities like Dubai Marina, Jumeirah Lake Towers, Dubai International Financial Centre, Business Bay and International Media Production Zone.