Nakheel awards $408m deal to Dhabi Contracting

Paromita Dey , August 10th, 2016

Dubai-based master developer Nakheel awarded a contract worth $408m (AED1.5bn) to UAE-based Dhabi Contracting, for the construction of its Al Khail Avenue.

The developer also announced that it is now bringing hospitality into the new hub by adding a 252-room hotel.

With construction set to begin in early October, earthworks at the site – alongside Dubai’s Al Khail Road on the edge of the Jumeirah Village Triangle (JVT) community – were completed in June.

Directly connected to Al Khail Avenue and its 350 shops, restaurants and entertainment outlets, the 18-storey hotel will feature an all-day restaurant, coffee shop, lounge, outdoor terrace, pool deck gymnasium and car park.

The hotel and leisure club will further enhance the growing JVT community, where residents will be offered club membership at preferential rates.

JVT contains more than 13,000 villas, townhouses and apartments, spread across 242ha, with two schools and a range of third party residential developments currently under construction.

Scheduled for completion in Q1 2019, the 185,806m2 Al Khail Avenue has more than 111,483m2 of leasable space, of which around 70% is booked.

Confirmed outlets include a 14-screen Reel Cinemas complex, a Waitrose supermarket and a wide range of fashion, children’s, home and electronics stores.

There will also be a multitude of cafes and restaurants, plus a 4,000-space multi-storey car park which can be accessed directly from Al Khail Road.

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