Nakheel issues tender for AED5 billion Deira Islands Boulevard
Dubai-based developer Nakheel has announced that it is going to invite bids for construction of AED5 billion Deira Islands Boulevard.
Nakheel said that it will release a tender this week for the construction of 2,924 apartments and townhouses in 16 residential towers spread across four clusters in a community for 10,000 people.
Each cluster at Deira Islands in Dubai will include a swimming pool and extensive retail, restaurant and recreation space.
All the proposed 16 towers will house nearly 670 one, two and three bedroom apartments, 65 townhouses and ground-level retail and recreation facilities.
Deira Islands Boulevard, due for delivery in 2020will be built around Deira Mall, Nakheel’s 6.5 million sq ft shopping, dining and leisure destination.
Nakheel said the boulevard will also contain six further buildings – two hotels, two serviced apartment complexes and two residential – bringing the total number of towers to 22 and it will issues a construction tender for these later.
The new homes will put the number of units under Nakheel’s ownership to nearly 36,000. It is building homes to lease at Jebel Ali, Nad Al Sheba, Palm Jumeirah and Jumeirah Heights, in addition to existing units at The Gardens, Discovery Gardens, International City and Jebel Ali Village.