The iconic hotel was bought by A. A ... sales process helped maximise the value for our client (the Bank)”. The successful sale of Movenpick JBR reaffirms Dubai’s standing as a premier destination for ...

Dubai: The Movenpick Jumeirah Beach Residence hotel in Dubai now has a new buyer. Oman’s Bank Muscat, which was managing the asset, sold the property to the A. A. Al Moosa Enterprise (Arenco Group).