Construction of Nakheel Mall, the AED1.2 billion ($326.7 million), 4.5 million square foot retail, dining and entertainment destination on Palm Jumeirah, is approaching 50 percent completion, Nakheel has announced.
The mall’s three underground parking levels, with 4,000 spaces, are nearly complete, with the overall superstructure due to be finished in the third quarter of this year, the developer said in a statement.
It added that work is also on track on the mall’s VIP entrance and rooftop features, which include two fountains and two waterfalls plunging as far as 65 ft into the mall.
The new centrepiece of Dubai’s world-famous Palm Jumeirah will have five retail levels with 350 shops, restaurants and leisure attractions spread across 1.2 million sq ft of leasable space.
It is one of several new retail, residential and hospitality developments under construction by Nakheel.
Nearly 60 percent of shop space in Nakheel Mall has been booked, with Waitrose, Vox Cinemas, Adidas, Breitling, French Connection and Montblanc some of the big names on board. There will also be a fine dining roof plaza.
Alongside Nakheel Mall will be The Palm Tower, Nakheel’s new, five-star, 52-storey hotel and residential complex for which a separate construction contract was awarded last year.
A St Regis hotel will occupy the first 18 floors, with 504 luxury residences above. Due for completion in 2018, the tower will also boast a trio of rooftop attractions, with one of the world’s highest infinity pools on the 50th floor, a 51st floor restaurant and a viewing deck, 220 metres above ground, on level 52.
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