We got bids back, Nakheel chairman Ali Rashid Lootah said on 13 April. We will award it within one month.
The project involves the construction of three towers and a beach complex, and is expected to take about three years to complete. It will be built on top of an existing car park that serves the Palm monorail on Al-Sufouh road at the entrance to the Palm Jumeirah.
The construction contract was retendered late last year.
In early 2016, Nakheel had selected a joint venture of South Koreas Ssangyong Engineering Corporation and China State Construction Engineering Corporation for the construction contract.