The official signing of the Dh1.2 billion contract between Nakheel and UAE firms United Engineering Construction LLC (UNEC) and Actco General Contracting Company LLC took place last month to build the Nakheel Mall on Palm Jumeirah. Construction is expected to begin soon; the project’s completion date is set for 2016.
UNEC and Actco were jointly awarded the contract (under a private finance initiative) in May this year. The long-awaited mall will be a 418,000 square meter complex, and it will be the new centerpiece of Palm Jumeirah, which is an artificial archipelago that was created by Nakheel using land reclamation. Palm Jumeirah is the world’s largest man-made island and is currently a popular holiday resort. Soon it will also offer visitors a place to go on a spending spree once the mall is completed.
Overseeing the completion of the project is a managing team by RSP Architects Planners & Engineers Pte Ltd. (Dubai Branch), the appointed design consultant for Nakheel Mall on Palm Jumeirah. The Nakheel Mall Project that will have five retail levels with more than 100,000 sq. meters of shop space to be reserved by retailers hoping to lease stores.
Construction of three basement-parking levels with 4,000 spaces is also in the works; in addition, there will be a nine-screen cinema, a medical center and a fitness complex as well. The mall is also to offer a diverse selection of food and beverage outlets and fine dining restaurants.
The Palm Islands in Dubai project of a shopping precinct will “be developed through a ‘build, operate, transfer’ contract with a consortium of investors called New Mall, which will take on the development risk of the construction in return for operating the shopping center until it had made its money back,” said Nakheel.
Year by year Dubai shopping gets bigger and bigger, better and better! A mall on Palm Jumeirah not only offers stunning views over the sea and a delight-walking destination, but also brings entertainment venues and a shopping center for those that are permanent residents, or simply visiting Dubai.