Real estate developer Nakheel has received six proposals for the construction of its AED2.5bn ($680m) retail, dining and entertainment complex on Palm Jumeirah in Dubai, UAE.
The company said bids started at AED1.185bn ($322m) and the contract for construction of the project would be awarded within three months.
The Nakheel Mall 418,000m² development will be constructed on an area of about one million square feet at the centre of Palm Jumeirah, which is located at the northern end of the island’s trunk.
Nakheel Mall will comprise five levels with 100,000m² of retail space for 200 shops.
The project will feature a 4,200m² supermarket, two anchor department stores, a nine-screen cinema and six medical clinics.
Plans also include a roof plaza with restaurants and cafés, with additional restaurants, cafés and a food court inside the building.
The new facility will also have three basement parking levels, 4,000 parking bays, a 1,000m² indoor garden and a 180m viewing deck.
A 50-storey hotel will be constructed, providing direct access to Nakheel Mall and housing 200 rooms, 200 apartments and a rooftop swimming pool.
The Nakheel Mall will be designed for easy access. It will have its own Palm Jumeirah Monorail station and will be directly linked to the Palm’s Marina Residences towers through underground walkways. It will also include a three-level basement car park.
The retail, dining and entertainment complex is expected to be completed in 2016.
Image: Nakheel Mall will include five retail levels with over 100,000m² of shop space. Photo: courtesy of Nakeel.