Nakheel says it has started work on a AED850m ($232m) project that involves building a 55-storey residential tower, 16-screen cinema complex, multi-storey car park and retail expansion at Ibn Battuta Mall in Dubai.
The local developer has awarded a contract worth nearly AED23m to the local National Gulf Constructions for enabling works at the site.The main construction package is being tendered.
Known as Ibn Battuta Residences 2, the 55-floor residential tower will have 279 apartments, a pool deck, landscaped grounds, retail space and multi-storey car park. The cinema complex will have 16-screen with dine-in capabilities and its own multi-storey car park with almost 1,400 spaces, directly linked to the mall. The retail expansion will have 53,000 square feet of shopping space and over 600 new parking spaces.
The new projects announced today are part of Nakheels phased expansion at Ibn Battuta Mall that is transforming the area into a sprawling retail, residential and leisure hub spanning an area of more than seven million square feet.
Phase one, comprising a 300,000 sq ft retail extension, a 210 metre link to the Dubai Metro and a 372 room hotel, opened in 2016. Subsequent phases include a 1 million sq ft mall featuring a retractable roof for year-round shopping and dining, and a second hotel.