Nakheel invests $4m to grow Palm Jumeirah marina capacity

New marinas are on the way at Nakheel's Azure Residences waterfront apartment and restaurant complex on the island's eastern trunk and at The Pointe
Nakheel invests $4m to grow Palm Jumeirah marina capacity
By Sam Bridge
Fri 17 Aug 2018 12:08 AM

Master developer Nakheel has said it is investing AED15 million to increase boat mooring capacity on Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600.

New marinas are on the way at Nakheel’s Azure Residences waterfront apartment and restaurant complex on the island’s eastern trunk, and at The Pointe, Nakheel Malls’ upcoming seafront dining and shopping destination, the company said in a statement.

Nakheel said it has appointed Majestic Marine Engineering to build the new facilities, with Applied Technology & Management (ATM) the appointed consultants.

Due for completion this year, the marinas will accommodate a total of 44 boats and yachts up to 30 metres long, and will complement Nakheel’s two existing marinas on the island, at Palm Views East and West, which are already at full capacity with 556 moorings.

Nakheel said it is also building six marinas, at a cost of AED165 million, at its new waterfront master development, Deira Islands. Between them, they will accommodate 614 boats and yachts up to 60 metres long.

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Last Updated: Fri 17 Aug 2018 12:10 AM GST

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