According to a statement from Nakheel, concrete work on its Palm Tower luxury project is nearly 80% finished. 42 floors have been completed so far, while the remaining eight residential floors are said to be on track for completion in the third quarter of this year.
Once complete, the Palm Tower will rise 240m above the manmade island and will feature 432 luxury residences, a 289-room St Regis hotel in addition to dining and leisure facilities. The St Regis will occupy the first 18 floors of the tower, while furnished studios, one-, two- and three-bedroom apartments will be located on the upper most floors of the tower.
Nakheel notes that the tower will have one of the world’s highest rooftop infinity pools (located on the 50th floor), as well as a restaurant complex and public viewing deck on the 51st and 52nd floors respectively.
The developer says that tower residents and hotel guests will be able to take advantage of the St Regis Beach Club, which is part of Nakheel’s Palm West Beach complex. The tower is also located in close proximity to Al Ittihad Park, which spans 1.1m sqft across the manmade island.
The top most floors of the tower will also be accessible from the nearby, under construction Nakheel Mall, the developer’s new retail and dining destination.