Published On: Tue, Sep 6th, 2016

Nakheel launches $1.36bn Deira Islands Boulevard

Nakheel has started work on a AED 5bn ($1.36bn), 20-tower community at Deira Islands, Dubai.Deira-Islands-main-image-June-2015-e1472993190728

With 16 residential buildings, two hotels and two serviced apartment complexes, Deira Islands Boulevard will transform the skyline at Dubai’s newest living and leisure hotspot.

Nakheel has appointed consultants AE7 to oversee the design, engineering and construction supervision of the project, which is set for delivery in Q2 2020. A construction tender will be released in Q1 2017.

Set on an area spanning nine million sq ft – the size of 118 international-standard football fields – the 20 towers at Deira Islands Boulevard will surround Deira Mall, Nakheel’s 6.5 million sq ft shopping, dining and leisure destination.

Between them, they will contain nearly 2,900 apartments and townhouses for lease as well as around 1,000 hotel rooms and serviced apartments.

Nakheel Chairman Ali Rashid Lootah said: “Deira Islands Boulevard will be the defining landmark of the area traditionally known as ‘Old Dubai’, offering spectacular facilities in a self-sustaining community for more than 10,000 people. The project is one of a whole range of world-class attractions that we are creating at Deira Islands, which is set to become the new destination of choice for living, tourism and recreation.”

Deira Islands BouIevard will boast 1.7 million sq ft of green, communal parkland featuring landscaped gardens, shaded walkways and a host of sports and wellbeing facilities.

The 16 residential towers – containing over 2,600 one, two and three-bedroom apartments as well as 256 townhouses – will span four clusters, each containing a swimming pool, recreation facilities and a retail podium with an array of shops, restaurants and services for on-the-doorstep convenience.

The residential units at Deira Islands Boulevard form a major element of Nakheel’s residential leasing strategy, under which the company aims to double its existing number of units to nearly 36,000.

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