Nakheel is also building six marinas, at a cost of USD 45 million, at its new waterfront master development, Deira Islands.
Nakheel awards USD 18 million contract for dancing fountain at The Pointe at Palm Jumeirah, a dining and leisure destination opening Q4 2018
Operated by Nakheel Malls, the retail arm of Nakheel, The Pointe features nearly 70 restaurants, shops and attractions.
The Pointe features unique concepts from around the globe with over 100 dining and retail outlets on offer.
Last month, Nakheel signed a joint venture with the Sharjah Investment and Development Authority (Shurooq) for its first project outside Dubai: a USD 20.4 million retail center.
Nakheel’s anticipated joint venture with Vienna House is the latest development in the company’s aggressive expansion into Dubai’s hospitality sector.