Nakheel evaluating construction bids for The Pointe at Palm Jumeirah
Dubai, 30 December 2013: Nakheel has received construction bids for The Pointe, its 136,000 square metre retail and entertainment complex on Palm Jumeirah, the company announced today.
Nakheel has started the evaluation process with the contract due to be awarded within the first quarter of 2014.
Earlier this year Nakheel awarded a contract for ground improvement work at the site of The Pointe. The ground preparation work is now complete and included vibro-compaction, topographic survey and factual site investigation work.
The Pointe at Palm Jumeirah – endorsed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai – will be located at the tip of The Palm, opposite Atlantis.
Leasing will commence next month with the project featuring over 200 retail opportunities with a diverse range of shopping, dining and entertainment facilities, including a spectacular fountain display.
In addition to convenient road access and ample parking, The Pointe will also be accessible via the Palm monorail system which will soon be connected to the mainland tram system, while water taxis will shuttle visitors across the bay from nearby hotels directly to the mall’s marina.
The Pointe is one of several new Nakheel developments underway at Palm Jumeirah. Others include Nakheel Mall, The Boardwalk and Palm West Beach.
Nakheel is one of the world’s leading developers and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel has delivered – and continues to enhance – an iconic portfolio of innovative landmark projects in Dubai across a range of sectors including residential, commercial and leisure.
Nakheel's current portfolio of developments in Dubai includes Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village and International City. Together, these span nearly 14,000 hectares and provide homes for more than 130,000 people. Retail developments include Dragon Mart, Ibn Battuta Mall, Nakheel Mall and Hotel, The Pointe at Palm Jumeirah and a growing number of neighbourhood malls. Nakheel is also developing hotels at Palm Jumeirah, Ibn Battuta and Dragon Mart.