Thursday, August 16, 2018 12:23 PM

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Nakheel invests Dh15 million in new marinas at Dubai’s Palm Jumeirah


Master developer Nakheel is investing Dh15 million to increase boat mooring capacity on Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600.

New marinas are on the way at Nakheel’s Azure Residences waterfront apartment and restaurant complex on the island’s eastern trunk, and at The Pointe, Nakheel Malls’ upcoming seafront dining and shopping destination.  

Nakheel has appointed Majestic Marine Engineering LLC to build the new facilities, with Applied Technology & Management, Inc. (ATM) the appointed consultants.

Due for completion this year, the marinas will accommodate a total of 44 boats and yachts up to 30 metres long, and will complement Nakheel’s two existing marinas on the island, at Palm Views East and West, which are already at full capacity with 556 moorings.

Nakheel is also building six marinas, at a cost of Dh165 million, at its new waterfront master development, Deira Islands. Between them, they will accommodate 614 boats and yachts up to 60 metres long.

Nakheel is a world-leading developer and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.

Its master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba.  Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has around 25,000 residential units under construction or in the pipeline.

Nakheel’s retail arm, Nakheel Malls, is the Middle East’s largest retail developer, with 17.5 million square feet of leasable space across 19 projects, including large-scale destination malls and souks, F&B destinations and community shopping centres. Assets include the world-famous Ibn Battuta Mall and Dragon Mart, both of which continue to undergo major expansions. Upcoming projects include Nakheel Mall on Palm Jumeirah; Deira Mall at Deira Islands; Al Khail Avenue at Jumeirah Village and more.