Contract involves building three high-rise structures at base of Palm Jumeirah
- Contractors submit bids for Gateway Towers in Dubai
- Nakheel project involves building three towers at base of Palm Jumeirah
- Project was started before 2008
Local developer Nakheel has received bids for the contract to build the Gateway towers project at the base of Dubais Palm Jumeirah.
The scope of work involves building three high-rise towers, with an expected cost of AED3bn ($817m). The development will be built on top of an existing parking currently serving the Palm monorail on Al-Sufouh road. Project owner Nakheel has also confirmed the monorail station will remain operational during the construction.
The first tower, known as the Tubular Tower, will be 261 metres tall, with 61 storeys, including 46 above podium level and 520 apartment units. The Central Tower will be 211 metres tall, with 49 floors and 429 apartments. The Beach Tower will be 205 metres tall, with 48 floors and 313 apartments. The development also includes a beach club, as well as retail, dining, and health and fitness outlets.
The consultant is the UKs Mott MacDonald, which worked on the scheme before 2008, when it was known as the Gateway Towers. Japans Taisei Corporation completed the car park podium in 2008.
Nakheel profits more than double
Dubai developer Nakheel made a net profit of AED1.35bn ($368m) in the first three months of 2015, more than double the net profit of AED629m made in the first quarter of 2014. Read more
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