Skift Take

Twice the price of The Plaza, more than the Maldives and outdoing Dubai, Saudi Arabia means business with its luxury hotel expansion.

$3,431: That's how much it will cost to stay at the new Ritz-Carlton Reserve hotel in Saudi Arabia for a night. The super-exclusive, small key-count resort opens for bookings on May 26, hitting the market with the highest rates in the region.

It is priced higher than any hotel in Dubai right now – long seen as the epicenter of Middle East luxury.

Called 'Nujuma,' the Ritz-Carlton Reserve property will have 63 villas set around a ring over the water as you might find in the Maldives. It will be operated by Marriott, and is its smallest brand but also its most luxurious.

Plans include a spa, swimming pools, various dining spots, a retail area, and leisure facilities like a conservation center. The property will host a diving center focused on underwater exploration, providing deep-sea diving trips and snorkeling around the island’s outer reef.

Part of The Red Sea