Plots sold to private Gulf investors
The developer says a plot to the west of Atlantis was sold to a GCC investor for AED556m, while a local investor purchased a plot on the eastern crescent for AED139m.
The development is expected to be split into two main construction packages, one covering the mall, the other for the construction of the hotel tower. The developer is currently reviewing the designs to increase the projects size and increase the retail space. Before the design review began, Nakheel was planning to tender the work in April.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.