Wasl Asset Management Group’s Hyatt Centric hotel on Dubai's Palm Jumeirah is more than two thirds complete and construction will be done by the end of the year.

Work is “storming ahead” on the twin 15-storey Hyatt Centric hotel on Dubai's iconic man-made island Palm Jumeirah, according to developer Wasl Asset Management Group.

Ongoing construction work includes interior dimension work in guestrooms, corridors and public areas, external cladding, and preliminary inspection approval processes. With work to date standing at 69%, the developer said building work will be finished in 2018.

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Hyatt Centric features 217 guest rooms, 116 serviced apartments, and three food and beverage outlets, in addition to a gym and spa.

Commenting on the speed of construction, HE Hesham Al Qassim, chief executive officer, Wasl Asset Management Group, said he was pleased with the “strong progress”, which is in line with the group’s “timely delivery” strategy.

The hotel hopes to capture the increase in Dubai tourism, particularly during a period when numerous hospitality projects are getting off the ground as the emirate gears up for Expo 2020 Dubai.

At government level, the Dubai Tourism Vision 2020 roadmap has been set to attract 20 million visitors – more than six times the population of Dubai – to the emirate per year by 2020.

As a result, there has been no end of high-end hotels launched in Dubai. And Hyatt Centric is not the only hotel that Wasl is involved in: Wasl's Mandarin Oriental Hotel – Jumeirah Beach, is on track for delivery in Q4 2018.

In its last update on the project, in April 2018, Wasl said the project was 74% complete.

Meanwhile, Rotana opened two new hotels on the Dubai Creek this year: One is the five-star Al Bandar Rotana hotel, the other is a serviced apartment building called named Al Bandar Arjaan by Rotana.