Bulgari Hotels & Resorts has signed an agreement with Dubai-based real estate development company Meraas Holding for a new hotel in Dubai to be opened in 2018.

The luxury property will be the world's fifth Bulgari Hotels and Resorts property. Designed by Italian architectural firm Antonio Citterio Patricia Viel and Partners, it will be located on the exclusive Jumeirah Bay Island, off the coast of Jumeirah Beach Road, sculpted in the shape of a titanic seahorse. The luxury marine 1.7 million sq ft. complex will be framed by lush landscaped gardens and it will be defined by 100 rooms and suites, 20 residential villas and a marina, all accompanied by a full range of luxury amenities.