By Parag Deulgaonkar www.emirates247.com
Four islands already built by Dubai-based Nakheel on Palm Deira project will be used to launch a new mixed-use development.
The Deira project, covering 1600 hectares, will be a waterfront destination, adding over 40 kilometres, including 21 kilometres of beachfront, to Dubai’s existing coastline. The cost of the project was not disclosed.
“This project will contribute significantly to the Government of Dubai’s tourism strategy. Nakheel intends to offer special payment plans and incentives for hotels to develop on these new islands,” Nakheel Chairman Ali Rashid Lootah said in a statement.
Three hectares have been dedicated to hotels and resorts and 424 hectares for mixed-use developments.
Nakheel will be developing whole of the south island (called: Island A), building a creek side destination which will be accessible by road bridges or abras running to and from the mainland.
A night market designed in the style of a Arabic souk will be built, having over 1,400 retail units and restaurants with a number of anchor stores. More info