Now Reading
Dubai’s Nakheel awards Dhs1.5bn contract for Al Khail Avenue

Dubai’s Nakheel awards Dhs1.5bn contract for Al Khail Avenue

The Dhs2bn project will feature hospitality, retail and entertainment facilities

Dubai developer Nakheel has awarded a construction contract worth Dhs1.5bn for its Dhs2bn upcoming Al Khail Avenue development, it announced on Tuesday.

The contract was awarded to UAE-based Dhabi Contracting, with construction set to begin in early October.

Earthworks at the site were completed in June.

Located alongside Dubai’s Al Khail Road on the edge of the Jumeirah Village Triangle (JVT) community, the new project will feature 350 shops, restaurants and entertainment outlets.

Nakheel also revealed that it is adding a 252-room hotel to the complex.

Directly connected to Al Khail Avenue, the 18-storey hotel will feature an all-day restaurant, coffee shop, lounge, outdoor terrace, pool deck gymnasium and car park.

Scheduled for completion in Q1 2019, the two million square foot Al Khail Avenue has more than 1.2 million sq ft of leasable space, of which around 70 per cent is booked.

Confirmed outlets include a 14-screen Reel Cinemas complex, a Waitrose supermarket and a wide range of fashion, children’s, home and electronics stores.

There will also be cafes and restaurants, plus a 4,000-space multi-storey car park which can be accessed directly from Al Khail Road.

The new development seeks to cater to the JVT community, which includes more than 13,000 villas, townhouses and apartments spread across 242 hectares, with two schools and other third party residential developments currently under construction.

Nakheel is rapidly boosting its retail project portfolio, with over 15 million sq ft of leasable space in operation or under development.

The company is also developing its hospitality portfolio, with nine hotels across Dubai either open, under construction or in design stage.

Also read: Construction on new Nakheel Mall almost 50% complete

Dubai developer Nakheel reports flat Q2 profit growth

Dubai’s Nakheel awards Dhs 4m contract for Deira Islands

Nepali billionaire hits out at Dubai’s Limitless, Nakheel for unfinished projects

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top