Gulf Technical Construction company (GTCC) has secured a contract worth about AED375m ($102m) from Nakheel, to build the 136,000m² retail and entertainment complex at Palm Jumeirah in Dubai.
GTCC, a subsidiary of Drake & Scull, is expected to mobilise work before the end of this month.
The AED800m ($217m) project, dubbed The Pointe at Palm Jumeirah, will feature 84 town houses and a 608,000ft² waterfront community recreational area.
The project will also feature a community centre with ten retail outlets featuring a supermarket, four food and beverage outlets, a fitness centre, sports courts, jogging track and parking spaces.
Nakheel awarded a contract for ground improvement work at the site of The Pointe in 2013.
The Pointe will be accessible through the Palm monorail system, which is planned to be linked with the mainland tram system. It can also be reached by water taxies.
Nakheel said that The Pointe is one of the various new developments underway at Palm Jumeirah, which includes Nakheel Mall and Hotel, the Boardwalk and Palm West Beach.
The company’s Dubai portfolio includes Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village and International City.
Nakheel’s retail developments include Dragon Mart, Ibn Battuta Mall, Nakheel Mall and Hotel and other hotels at Palm Jumeirah, Ibn Battuta and Dragon Mart.
The combined projects span about 14,000ha and provide homes for more than 130,000 people.
Image: The Pointe at Palm Jumeirah, will feature 84 town houses and a 608,000ft² waterfront community recreational area. Photo: courtesy of Nakheel PJSC.