Nakheel awards $408.3M contract for Dubai retail hub

WCN Editorial Team 11 Aug 2016 MIDDLE EAST BUILDINGS

UAE-based developer Nakheel has awarded an AED1.5bn ($408.3M) contract to Dhabi Contracting for the construction of its Al Khail Avenue retail, dining and entertainment hub in Dubai.

The 186,000sq m Al Khail Avenue has more than 112,000sq m of leasable space, 70% of which is already booked. It will feature cafes and restaurants, and a 4,000-space multi-storey car park, which can be accessed directly from Al Khail Road.

The developer it is also adding a 252-room hotel to the complex. The 18-storey hotel will feature an all-day restaurant, coffee shop, lounge, outdoor terrace, pool deck gymnasium and car park. It will be directly connected to Al Khail Avenue and its 350 shops, restaurants and entertainment outlets.

Earthworks at the site — alongside Dubai’s Al Khail Road on the edge of the Jumeirah Village Triangle (JVT) community — finished in June 2016 and construction work is scheduled to commence in October 2016.  

The development is expected to be complete in the first quarter of 2019.

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