Victoria Beckham has been offered £25 million to design a luxury hotel in Dubai. The former Spice Girls singer was personally approached by the ruler of Dubai, Sheik Mohammed bin Rashid al-Maktoum, who asked her to lend her talents to the project after meeting Victoria, 35, and her 34-year-old husband David when they holidayed in the Gulf last summer. The hotel will be located on a fashion-themed island called Isla Moda off the Dubai coast, which is part of The World development - a man-made archipelago of 300 islands constructed in the shape of a map of the landmasses of the Earth.

Photo: Fame Pictures

A source revealed: "Even in these credit-crunched times, the fee offered to Victoria was astronomical. She was absolutely stunned." Victoria not yet decided whether to sign up, but if she accepts the offer she will work with Karl Lagerfeld on the creation for Dubai, which is part of the United Arab Emirates. Last night (25.01.10) a spokeswoman for Victoria said: "Victoria is always keen to look at ways of growing her business, but for now her focus is New York fashion week next month."