Dubai developer Nakheel has said it has started leasing at The Pointe, its new, AED800 million ($217.8 million), 136,000 square metre retail, dining and entertainment complex on Palm Jumeirah.
The news comes a week after Nakheel signed a contract for AED375 million with Gulf Technical Construction Company for the construction of The Pointe, which is at the tip of Palm Jumeirah, across the bay from Atlantis.
Around 130 opportunities for shops, restaurants and cafes are available, Nakheel said in a statement.
Due for completion in 2016, The Pointe is accessible via The Palm Monorail, soon to be connected to Dubai’s mainland tram system, and by boat from the island’s growing number of hotels and resorts. There is also a car park with 1,600 spaces.
The project, with a fountain display as its centrepiece, is one of several new Nakheel developments underway at Palm Jumeirah.
Others include Nakheel Mall, The Palm Tower, The Boardwalk and Palm West Beach.
Last week, Nakheel began leasing at its new community retail centre at Al Furjan in Dubai, with 70 percent of available space already booked.
Other developments in the company’s growing retail portfolio include the Nakheel Mall, Ibn Battuta Mall and Dragon Mart Mall, as well as neighbourhood retail centres at Jumeirah Park, Discovery Gardens and International City.
* Nakheel no longer responds to media enquiries from Arabian Business, nor does it grant Arabian Business access to any of its media events or announcements.
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