Tender release for $680.6m Nakheel Mall imminent
Developer to award five-star 50-storey hotel contract at a later date
Dubai developer Nakheel will float a tender on Wednesday (2 October) for the construction of the $680m (AED: 2.5bn) Nakheel Mall project on Palm Jumeirah.
The 418,000m² retail, dining and entertainment complex will be built at the heart of The Palm, at the northern end of the island's trunk.
Ground preparation and piling work on site have already begun and construction is due to start by the end of this year.
The Nakheel Mall and Hotel complex, which is due to open in 2016, will also include a five-star, 50-storey hotel, which will be tendered separately at a later date.
The complex will include five retail levels with more than 100,000m² of shop space, three basement parking levels with around 4,000 parking bays, a 1,000m² indoor garden and a 180 metre high viewing deck offering views of Palm Jumeirah and the Dubai skyline.
The retail elements will include 200 shops, a 4,200m² supermarket, two anchor department stores, a nine-screen cinema and six medical clinics. There will also be a roof plaza with restaurants and cafes as well as a host of eateries inside.
In February Nahkeel said it had received interest from “global and international” retail operators on taking space within the mall. It is due to be completed in 2016.
Nakheel chairman Al Rashid Lootah said: “Nakheel Mall will bring a new dimension to shopping, dining and leisure in Dubai. It will enhance the services and facilities available to residents of Palm Jumeirah, and provide an exciting new destination for people across the UAE, including the millions of tourists who visit our country each year.”