Ssangyong and CSCEC wins Nakheel's Palm Gateway
New development by Nakheel on Dubai’s Palm Jumeirah has 1,265 homes plus retail, dining, fitness and wellness facilities
Dubai developer Nakheel has awarded a construction contract worth nearly $(AED1.4bn) for The Palm Gateway, a new, three-tower residential, retail and beach club complex at the foot of its flagship master development, Palm Jumeirah.
The company has appointed Ssangyong Engineering & Construction Co and China State Construction Engineering Corporation (CSCEC) to carry out the work, which is expected to begin in Q1 2016 and will take two years to complete.
The Palm Gateway includes 1,265 luxury homes across three high-rise buildings – the tallest topping 285 metres – to be constructed on top of the existing Palm Monorail terminal.
Apartments range from one to three bedrooms and will be available on lease.
The waterfront living and leisure complex, set in extensively landscaped grounds, will also have retail, dining and health and fitness facilities, including parks, pools, and sports courts.
Located at the entrance to Palm Jumeirah, The Palm Gateway will boast convenient transport links to other parts of the island and to the rest of Dubai.
With panoramic views of Palm Jumeirah and the Arabian Gulf, The Palm Gateway will also have its own beach club and park with a diverse range of waterfront dining and shopping options, pool, barbecue areas and fitness facilities, including a jogging track.
The Palm Gateway is one of number of projects in Nakheel’s growing residential leasing portfolio, which is set to increase to more than 20,000 units, with other new developments coming to Palm Jumeirah, Warsan Village, Jebel Ali, Dragon City and Nad Al Sheba.