Sunday, January 15, 2017

Nakheel to invite bids for $1.3bn Dubai luxury project

Master developer Nakheel is inviting construction proposals for Deira Islands Boulevard, its new Dh5 billion ($1.36 billion) community for 10,000 people, to be built at Deira Islands in Dubai, UAE.

A tender will be released this week for the construction of 2,924 apartments and townhouses in 16 residential towers spread across four clusters, each containing a swimming pool and extensive retail, restaurant and recreation space, said a statement from the company.

Due for delivery in 2020, Deira Islands Boulevard lies at the heart of Nakheel’s 15.3 sq km Deira Islands coastal city, a new hub for living, leisure and hospitality and a key element of the Government of Dubai’s tourism vision.

Reaching up to 21 floors, the 16 towers will be built in four clusters, each containing nearly 670 one-, two- and three- bedroom apartments, 65 townhouses and ground-level retail and recreation facilities.

There will be 4,500 podium-level car parking spaces at the development, which will have a total built up area of over seven million sq ft.

Set on an area of land spanning more than nine million sq ft – equivalent to nearly 120 international-standard football fields – Deira Islands Boulevard is designed as a self-sustaining community offering highly sought-after living, leisure and retail facilities.

With 20 per cent of the development dedicated to communal outdoor space, including gardens, shaded walkways and a sports and wellness facilities, Deira Islands Boulevard will be the defining landmark of the area traditionally known as ‘Old Dubai’.

Deira Islands Boulevard will be built around Deira Mall, Nakheel’s 6.5 million sq ft shopping, dining and leisure destination, for which a construction tender has already been released.

The Boulevard will also contain six further buildings – two hotels, two serviced apartment complexes and two residential – bringing the total number of towers to 22. A construction tender for these will be issued in due course, it stated.  

The new homes at Deira Islands Boulevard are key to Nakheel’s residential leasing strategy, under which the company is doubling its existing number of units to nearly 36,000.

The UAE developer is also building homes to lease at Jebel Ali, Nad Al Sheba, Palm Jumeirah and Jumeirah Heights, adding to its existing stock at The Gardens, Discovery Gardens, International City and Jebel Ali Village.-TradeArabia News Service

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