Nakheel Mall, the AED1.2 billion, 4.5 million square foot retail, dining and entertainment destination by Nakheel, is taking shape at the heart of Palm Jumeirah, with construction approaching 50 per cent completion, the Dubai developer announced yesterday.
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. Work is also on track on the mall’s VIP entrance and rooftop features, which include two fountains and two waterfalls plunging as far as 65 ft into the mall, Nakheel said.
The new centrepiece of Dubai’s world-famous Palm Jumeirah, Nakheel Mall will have five retail levels with 350 shops, restaurants and leisure attractions spread across 1.2 million sq ft of leasable space. It is one of several new retail, residential and hospitality developments under construction by Nakheel.
Nearly 60 per cent of shop space at Nakheel Mall has been booked, with Waitrose, Vox Cinemas, Adidas, Breitling, French Connection and Montblanc just some of the big names on board. There will also be a fine dining roof plaza offering panoramic views of Palm Jumeirah, Arabian Gulf and the Dubai skyline.
Alongside Nakheel Mall will be The Palm Tower – Nakheel’s new, five-star, 52-storey hotel and residential complex – for which a separate construction contract was awarded last year. A St Regis hotel will occupy the first 18 floors, with 504 luxury residences above. Due for completion in 2018, the tower will also boast a trio of rooftop attractions, with one of the world’s highest infinity pools on the 50th floor, a 51st floor restaurant and a viewing deck, 220 metres above ground, on level 52.