Nakheel, a well-known Arab Emirates construction company, plans to build a new shopping center on the artificial island Palm Jumeirah in Dubai to attract more tourists and new residents to the area.
The Pointe's new shopping complex will be located at the tip of the island, across the bay from the five-star Atlantis Hotel, The Palm, and will offer visitors food, drinks and various leisure opportunities. It will occupy an area of 136 thousand square meters. m, which will also appear fountains and pedestrian areas with direct access to the monorail and boat marina. “The shopping center will be visited not only by the inhabitants of the island, but by all guests. Already today, the population of Palm Jumeirah is about 30 thousand people, and we expect that it will grow as living here becomes more and more comfortable. We have several new ideas, which will further increase the attractiveness of the island. We will report about them in the second half of the year, "said Ali Rashid Luta, chairman of the board of Nakheel. According to him, the costs of the new project will be at least 30 million dirhams (US $ 8.1 million). Negotiations on financing the project are conducted with several banks, which show significant interest in it. The work is scheduled to be completed by the end of 2013.
Nakheel also announced a partnership with another mall - Palm Mall, located on the island. It is planned that its retail space will be increased by 800-900 thousand square meters. foot. "We expect to complete the project this year. Most likely, trade will begin in mid-late February," Ali Rashid Lyuta said. This year, Nakheel will focus on developing its retail business. According to her plans, the trade market of Dragon Mart will be expanded: 1.7 million square meters will be added. foot in the shopping area, 5 thousand new parking spaces will appear. Similar expansion work is planned at the Ibn Battuta Mall, but project details have not yet been announced.
