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Work has started on the Dh5 billion project on Deira Islands that will see the creation of a 20-tower cluster, and 16 of these buildings will be residential and feature 2,600 apartments, Nakheel said in a statement on Sunday.
The developer added that it has appointed consultants AE7 to oversee the design, engineering and construction supervision of the project, which is scheduled for delivery in the second quarter of 2020. A tender will be released in the first quarter of 2017.
''Deira Islands Boulevard will be the defining landmark of the area traditionally known as ''Old Dubai'', in a self-sustaining community for more than 10,000 people,'' stated Ali Rashid Lootah, Nakheel Chairman.
Deira Islands BouIevard will also feature 1.7 million square feet of green and communal parkland, as well as sports facilities.
Set on an area spanning 9 million square feet, the 20 towers will surround Deira Mall, a 6.5 million square feet destination in the making. Between them, they will contain nearly 2,900 apartments and town houses for lease as well as around 1,000 hotel rooms and serviced apartments.
The residential units at the 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 units.
The developer is also building homes for lease at Jebel Ali, Nad Al Sheba, Palm Jumeirah and Jumeirah Heights, adding to its existing stock at The Gardens, Discovery Gardens, International City and Jebel Ali Village.
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Source: Staff Report, gulfnews.com