The property is at the heart of the city and close to the iconic Burj Khalifa – the world's tallest tower and the Dubai Mall in the downtown neighbourhood.
The hotel's 367 rooms include 28 suites designed for business and city leisure travellers while its four restaurants offer views over Business Bay.
For conferences and events, facilities include a daylight ballroom for 450 people, four meeting room options, a board room, library and outdoor terraces. Leisure facilities include a spa, fitness centre, and pool terrace, all offfering panoramic city views.
Puneet Chhatwal, chief executive of Steigenberger Hotels, said: "This new hotel at Business Bay re-affirms our commitment to international growth in general and the Middle East in particular. Dubai is now one of the world's leading tourism and business hubs and the perfect springboard to this important region. The new hotel is symbolic of our growing international presence at strategically important locations, made possible through teaming with like-minded and expansion-oriented partners."
Further Steigenberger-managed properties currently in the pipeline in the Middle East include the InterCityHotel Culture Village in Dubai, and the Steigenberger Hotel Airport Road Doha.