Dubai's Dhs2.5 billion project on the Palm Jumeirah
Set for completion in 2016
Dubai real estate developer Nakheel has recently announced that it has received 6 proposals - with bids starting at Dhs1.185 billion- for the construction of its latest venture, 'Nakheel Mall'. A project which is set to cost Dhs2.5 billion, that will boast 418,000 square metres of retail, dining and entertainment space on the Palm Jumeirah.
Within the next 3 months the decision on who will be awarded the contract to start work on 'Nakheel Mall' will be revealed.
Set for completion in 2016, the new mall will be situated at the northern end of the Palm's trunk, with early plans suggesting that 200 shops, 2 department stores, 12 fine dining restaurants, a 9-screen cinema, 4,000 parking spaces, 6 medical clinics and an abundance of cafes and other popular eateries will make up the new compound.
Today Nakheel also named Halcrow as the design consultant for its other venture being built on the man-made island - 'The Boardwalk' - a new attraction which will run the entire length of the Palm Jumeirah's 11km crescent. 2 piers will be built stretching out 100 metres from both ends of the site, consisting of 20 waterfront food and beverage outlets and shopping kiosks.
Nakheel's other project which is also set to finish by 2016 is 'The Pointe', a 136,000 square metre retail and entertainment complex, which is set to be built on the tip of Palm Jumeirah, opposite Atlantis Hotel.