Indebted Nakheel issues tender for Palm Mall

Wednesday, 17 October 2012 2:33 PM

(AFP/Getty Images)

Indebted developer Nakheel has launched a tender for the construction of its Palm Mall project - the company's 160,000 sqm shopping mall planned for Palm Jumeirah.

Nakheel appointed architectural practice RSP to design the mall under a US$6.8m contract in April.

It declined to comment on the issue of a tender for contractors, but when announcing the award to RSP in April this year, it said that work would start in 2013 and would complete in 2014.

At the time, CEO Sanjay Manchanda said: “The Palm Mall will be major addition to the ever-growing number of facilities and attractions on our flagship development, and we are proud to engage RSP to design what will undoubtedly be a big draw for Palm residents and visitors."

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Posted by: sajeeth Monday, 22 October 2012 8:41 AM[UAE] - UAE

The construction industry welcomes the new development, the malls are frequented by residents and visitors alike.

The new mall will be an added attraction of palm jumeriah.

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Posted by: Badria Friday, 19 October 2012 10:35 AM[UAE] - UAE

If you don't like a product, don't buy it, if you don't like malls, don't frequent them, if you don't like Dubai, just leave. I don't understand the reason for this incessant whining.

Posted by: Wildwine Saturday, 20 October 2012 4:13 PM[UAE] - UAE

Yeah, how convenient, tell that to people who have invested their hard earned money and are yet to see their properties being delivered.
Time you understand that you are talking about people's lives here; it is not so easy to leave even though you don't like it!!!
As things stand; you will have to get used to incessant whining for some time.

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Posted by: RBH Thursday, 18 October 2012 10:52 AM[UAE] - Lebanon

I said it before in an other post and I will say it again. Dubai has a mall complex.

Posted by: leo50 Thursday, 18 October 2012 2:20 PM[UAE] - UAE

it certainly doesn't suffer from Mall-nutrition, that's for sure...

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Posted by: richard Wednesday, 17 October 2012 8:29 PM[UAE] - dubai

Palm Mall (pas mal) = 'not bad' in french. Lets hope Nakheel aspires to more than 'not bad' cos their reputation is seriously in jeopardy if this project fails.

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Posted by: JR Roth Wednesday, 17 October 2012 6:11 PM[UAE] - United Kingdom

That's just what Dubai needs - another mall... The city needs to focus away from consumerism and concentrate on building sustainable industry. It has the infrastructure and vision to become a manufacturing hub, and the ability to attract the necessary talent to become a centre of innovation. Shiny buildings and shoppings malls doesn't help the city's long term potential in any feasible way. http://www.youtube.com/watch?v=sikmIWX1g4M

Posted by: Peter Cooper Thursday, 18 October 2012 1:10 PM[UAE] - United Arab Emirates

It's a services hub, and the malls are overflowing with visitors! Thankfully Dubai is a commercial city and acts in a commercial fashion to maximize profits, and does not pay much attention to idealists and dreamers who are bankrupting the developed nations... What on earth do you mean by sustainable industry? Industry that makes a profit, so it is sustained? What is so wonderful about manufacturing unless it pays? Innovation and talent do not necessarily follow industry, they can also be very important in the services sector... your logic is very muddled indeed!