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Dubai Ruler’s Firm in Talks to Sell Luxurious Nikki Beach Resort

  • Dubai Holding is seeking to cash in on a tourism boom
  • Luxurious beach club is being valued at about $218 million
Nikki Beach Resort & Spa Dubai.
Nikki Beach Resort & Spa Dubai.Source: Nikki Beach Resort & Spa

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Dubai Holding, an investment firm owned by the emirate’s ruler, is in talks to sell the local branch of Nikki Beach resort, according to people familiar with the matter, as the city cashes in on an influx of tourists and newcomers.