Nakheel evaluates construction bids for The Pointe project
136,000sqm retail and entertainment project set to commence leasing in January 2014
Nakheel, the master developer of the Palm Jumeirah, has announced that it has received construction bids for its 136,000sqm The Pointe project.
Located at the tip of the Palm and opposite the Atlantis, The Pointe is a waterfront retail and entertainment project that will contain restaurants, boutiques and landscaped gardens.
Nakheel has started the evaluation process with the contract due to be awarded within the first quarter of 2014. Earlier this year the contract for ground improvement work at the site was awarded, the developer said.
Ground preparation work included vibro-compaction, topographic survey and factual site investigation, Nakheel said, adding that it was now complete.
Leasing will commence in January 2014, with the project featuring over 200 retail opportunities. In addition, road access work and parking will also be developed.
The Pointe will also be accessible via the Palm monorail system which will soon be connected to the mainland tram system, while water taxis will shuttle visitors across the bay from nearby hotels directly to the mall’s marina.
The projectis one of several new Nakheel developments underway at Palm Jumeirah. Others include Nakheel Mall, The Boardwalk and Palm West Beach.
