Palm Jumeirah’s Nakheel Mall 50% Complete
Construction of Nakheel Mall, the AED1.2 billion ($326.7 million), 4.5 million square foot retail, dining and entertainment destination on Palm Jumeirah, is approaching 50 percent completion, according to the Palm Jumeirah master developer, Nakheel.
The mall’s three underground parking levels, with 4,000 spaces, are nearly complete, with the overall superstructure due to be finished in the third quarter of this year, the developer said in a statement.
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.
The new centrepiece of Dubai’s world-famous Palm Jumeirah 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 percent of shop space in Nakheel Mall has been booked, with Waitrose, Vox Cinemas, Adidas, Breitling, French Connection and Montblanc some of the big names on board. There will also be a fine dining roof plaza.