Dubai’s Nakheel Awards Dhs23.7m Contract For Palm 360. Dubai developer Nakheel awarded a contract worth more than 5.6m euros (Dhs23.7m) for piling work at its Palm 360 luxury hotel and residential project in Palm Jumeirah. The contract was awarded to the Dubai branch of Bauer Spezialtiefbau GmbH, headquartered in Germany, a statement said. Work on the 260-meter tower will take four months to complete. The process will involve drilling almost 600 piles up to 54 metres below ground in preparation for the construction of the tower, which will be the tallest structure on Palm Jumeirah.
The construction tender is expected to be released in Q1 2019, with project completion in 2021, Nakheel said. Palm 360 comprises the Raffles The Palm Dubai Hotel with 125 rooms and Raffles Residences Palm 360 with 331 units, including 16 ultra-plush penthouses spanning up to 12,000 sq ft. Each penthouse has its own infinity pool, gym, home theatre and 360-degree views of Dubai. The project will also have the world’s largest sky pool, connecting the two towers 170 metres above ground, as well as dining and leisure facilities.
Nakheel is one of the world’s leading developers and a major contributor to realising the vision of Dubai for the 21st century: to create a world-class destination for living, business, and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.
Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has more than 21,000 residential units under construction or in the pipeline for Nakheel.
Nakheel’s current and future retail project portfolio covers nearly 17 million square feet of leasable space. Developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria, Nakheel Mall, The Pointe, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and Nad Al Sheba Mall, as well as major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. The retail profile also includes several neighborhood community centers. The company’s growing hospitality project portfolio comprises 14 hotels/serviced apartments with nearly 5,200 rooms at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village, and Dragon City.
Source: The Gulf News and Nakheel
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