Built to inform

Sign up for the daily newsletters

No, Thank you

Nakheel awards $222m contract for Palm Tower

The Palm Tower comprises 504 luxury residences and a five star, 290-room hotel with an array of dining and leisure facilities

Residents and guests at The Palm Tower will enjoy direct access to Nakheel Mall.
Residents and guests at The Palm Tower will enjoy direct access to Nakheel Mall.

Dubai developer Nakheel has awarded a contract worth $222m (AED819m) for the construction of The Palm Tower, its 52-storey, five star hotel and residential complex on Dubai’s Palm Jumeirah.

Nakheel has appointed UAE-based Trojan General Contracting and National Projects & Construction to jointly build the luxury project, which will tower almost 240 metres above Dubai’s Palm Jumeirah island.

The Palm Tower comprises 504 luxury residences and a five star, 290-room hotel with an array of dining and leisure facilities, including a rooftop infinity pool, restaurant and viewing deck.

The hotel will occupy the first 18 floors of the building.

The Palm Tower residences, on sale with prices starting from $462,818 (AED1.7m), comprise fully-furnished studios and one, two and three bedroom apartments with views of Palm Jumeirah, the Arabian Gulf and the Dubai skyline.

Residents and guests at The Palm Tower will enjoy direct access to Nakheel Mall, currently under construction at the heart of Palm Jumeirah.

The luxury mall, one of 10 new, large-scale retail projects from Nakheel, will have 300 shops, cinemas, a medical centre, a fitness centre and a roof terrace offering fine dining outlets and unrivalled island, sea and skyline views.

The Palm Tower will also offer direct access – via a bridge and walkways – to Palm Jumeirah’s beach clubs, including Nakheel’s Club Vista Mare and Palm Promenade West Beach projects.
 

Most popular

Awards

CW Oman Awards 2019: Infra projects shortlist finalised
Three of Oman's most critical developments from 2018 have been shortlisted for CW Oman Awards

Conferences

Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy
Construction Week's Leaders Kuwait 2018 summit opens
Speakers from Kuwait's Supreme Council for Planning and Development and CSCEC ME are at today's

Latest Issue

Construction Week - Issue 730
Feb 21, 2019