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Abu Dhabi, UAESunday 24 June 2018

Dubai's newest high-rise to be built on Palm Jumeirah

Nakheel will announce the project and other developments worth Dh4bn at Cityscape Global

Palm Beach Residences. Nakheel
Palm Beach Residences. Nakheel

A 180-metre tower on the Palm Jumeirah is among developments worth Dh4bn that will be launched by Nakheel at Cityscape Global on Monday.

The Palm Beach Residences will be comprised of 250 one to three-bedroom flats topped with a 38th floor sky lounge overlooking the Arabian Gulf.

Construction for the tower is pegged for the second quarter of 2018 and will host sports, health and leisure facilities as well as retail and dining attractions.

Another project to announced by Nakheel include new a residential development, mall, hotel and health complex at Discovery Gardens.

Jenan Heights is a gated community made up of nine towers with 2,500 flats between them all.

Jenan Heights. Nakheel
Jenan Heights. Nakheel

It will be connected to the planned Discovery Gardens Mall by a pedestrian bridge and is due to break ground in the second quarter of 2018.

The new mall will include a 350-room hotel and will have more than 41,000 square metres of leasable space.

Discovery Gardens Mall. Nakheel
Discovery Gardens Mall. Nakheel

Jumeirah Park Leisure - a health, fitness and wellbeing complex - is also expected to start construction next year.

Jumeirah Park Homes. Nakheel
Jumeirah Park Homes. Nakheel

A new hotel at Jumeirah Village Circle will provide mid-scale hospitality and will comprise 252 hotel rooms.

Jumeirah Village Circle Hotel. Nakheel
Jumeirah Village Circle Hotel. Nakheel

Six marinas will be also built to house more than 600 boats and yachts at Deira Islands. Some Dh165m will be invested into the construction of the marinas which are expected to be completed by the end of 2019.

Nakheel expects to issue more contracts by the end of this year after signing more than Dh7bn worth of agreements so far this year. Nakheel
Nakheel expects to issue more contracts by the end of this year after signing more than Dh7bn worth of agreements so far this year. Nakheel

“As a foundation partner of Cityscape Global with Dh50bn worth of projects already under way, we are proud to unveil another unique range of projects that will reinforce Dubai as a world-leading location for living, leisure, business and tourism,” said Ali Lootah, chairman of Nakheel.