Nakheel signs two contracts for the Palm Jumeirah

22 April 2012

Deals cover design and infrastructure work

Nakheel has signed two contracts worth AED43m ($12m) for work on projects on the Palm Jumeirah in Dubai.

The Dubai-based developer has signed a AED25m contract with Singapore’s RSP for the design of The Palm Mall. Nakheel had approved the award in early April. Design work for the 160,000 square metre shopping centre is due to finish by the end of this year, with construction starting early in 2013. Completion is expected in 2014.

Nakheel has also awarded a AED18m contract to the local Al-Marwan Contracting for infrastructure work on frond N of the Palm island. The work, expected to begin in early May, will take around five months to complete. Nakheel will build 105 villas on the frond.

On 11 April, it appointed a contractor for its first new development project since Dubai’s property market crashed in late 2008. The local Dubai Civil Engineering (DCE) signed a AED194m ($53m) contract to build the Palma Residences. The developer is also planning to tender a new development known as The Pointe in the middle of this year. The project involves building 136,000 sq m of shops and restaurants.

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