Construction work on the Dhs 1.2bn Nakheel Mall at Palm Jumeirah is almost 50 per cent complete, developer Nakheel revealed on Wednesday.
The 4.5 million square foot mall will have five retail levels with 350 shops, restaurants and leisure attractions spread across 1.2 million sq ft of leasable space.
The mall’s three underground parking levels, with 4,000 spaces, are nearly complete, with the overall superstructure due to be finished in Q3 this year, Nakheel said in a statement.
Work is also ongoing on the mall’s VIP entrance and rooftop features, which include two fountains and two waterfalls falling 65 ft into the mall.
Nearly 60 per cent of shop space in the mall has been booked by retailers such as Waitrose, Vox Cinemas, Adidas, Breitling, French Connection and Montblanc.
It will also feature a fine dining roof plaza offering views of Palm Jumeirah, Arabian Gulf and the Dubai skyline.
The mall is anticipated to be ready in 2017.
The mall aims to cater to the 30,000 residents on Palm Jumeirah and the growing number of tourists visiting Dubai.
Nakheel is also currently developing The Palm Tower – a new, five-star, 52-storey hotel and residential complex alongside Nakheel Mall.
A St Regis hotel will occupy the first 18 floors, with 504 luxury residences above.
The tower, due for completion in 2018, will include one of the world’s highest infinity pools on the 50th floor, restaurant on the a 51st floor and a viewing deck on level 52 – located 220 metres above ground.
A separate construction contract for the project was awarded last year.