Master developer Nakheel has further pushed back work on its flagship 1km high Nakheel Tower project, it has been reported.
Work on the project will not resume until the start of June next year at the earliest, a spokesperson for the Dubai-based master developer confirmed.
Development was set to resume in January next year after being placed on hold for what was originally a 12 month period at the beginning of this year, reported Construction Week Online.
But, asked to confirm whether the developer still intended to resume work in January, a spokesperson said that “further work on the foundations of Nakheel Harbour and Tower will commence in 12 months.
“This is part of our readjustment of our immediate business plans, to better reflect the current market trends and match supply with demand.”
Construction of the tower was originally expected to take ten years to complete in phases, with work on the foundations alone scheduled to take three years. WSP Group was appointed structural engineer on the tower in October last year.
The tower, when built, will stand around 200 storeys tall and have around 150 lifts. It will form the centrepiece of a 2.7 million m2 marina development called Nakheel Harbour and Tower near to Dubai’s Ibn Battuta Mall.
The original master plan for the Nakheel Harbour and Tower project included a further 40 towers ranging in height from 20 storeys to 90 storeys.
Nakheel has pledged to complete all of its under-construction projects, though has said it is actively seeking “to align supply and demand more closely” through the restructuring of existing contracts.
“This has meant readjusting work on some of our projects, particularly those with longer timeframes of a decade or more [such as the Harbour and Tower], and focusing on the delivery of those developments and communities that are under construction,” the spokesperson said.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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