Dubai developer Nakheel on Sunday unveiled designs for an AED5 billion ($1.36 billion) residential community Deira Islands Boulevard and appointed consultant AE7 to oversee the construction.
Deira Islands Boulevard is a 20-tower community at Deira Islands, Nakheel’s under-construction 15.3 kilometre waterfront scheme in Dubai.
When completed, the community will have 16 residential buildings, two hotels and two serviced apartment complexes surrounding the planned, 6.5 million sq ft Deira Mall.
There will be around 2,900 apartments and townhouses for lease as well as around 1,000 hotel rooms and serviced apartments on an area spanning 9 million sq ft.
The scheme will also comprise 1.7 million sq ft of green parkland and sports facilities.
AE7 has been appointed to oversee the scheme, and a construction tender is to be released in the first quarter of 2017, Nakheel said in a statement. The scheme is scheduled for delivery in the second quarter of 2020.
Nakheel Chairman Ali Rashid Lootah said: “Deira Islands Boulevard will be the defining landmark of the area traditionally known as ‘Old Dubai’, offering spectacular facilities in a self-sustaining community for more than 10,000 people.
“The project is one of a whole range of world-class attractions that we are creating at Deira Islands, which is set to become the new destination of choice for living, tourism and recreation.”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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