Business | Property
Channel Sponsor
Nakheel reclaims land for Palm Deira
Contracts signed for utilities project to develop nine substations in 2009.
- Staff Report
- Published: 00:14 April 13, 2008
- Nakheel chief executive Chris O'Donnell, Dewa managing director Saeed Mohammad Al Tayer, Adnan Al Naqi and Abdullah Bin Sulayem, operations director of Palm Deira, being briefed on the progress of development on Palm Deira.
- Image Credit: Supplied Picture
Dubai: Nakheel has reclaimed more than a quarter of The Palm Deira to create a land area that is bigger than The Palm Jumeirah, a statement said on Saturday.
Nakheel and Dubai Electricity and Water Authority (Dewa) entered into contracts with Areva, ETA and Siemens to work on the utilities project to develop nine utility substations of 132/22 KV valued at Dh900 million, which is expected to be completed by the end of 2009.
Significant progress is being made on the development, with reclamation and infrastructure works moving ahead at a considerable pace.
Nakheel has now reclaimed approximately 300 million cubic metres of sand required to build the 42 million square metre island, which will be half the size of Paris when complete.
The reclamation of the first phase, Deira Island Front, is now 80 per cent complete.
This will include a mix of commercial, residential apartment and mixed-use plots, with a range of apartment-type and villa residential housing, a vibrant mix of commercial, residential and recreational significant commercial, residential, and retail offerings as well as hundreds of berthing spaces in five modern marinas.
Sales centre
Construction of a dedicated sales centre for The Palm Deira is currently underway and it is scheduled to open by the end of the year.
A public promenade with views overlooking the Dubai skyline and the first of five state-of-the-art marinas are also planned to open by the end of this year.
Adnan Al Naqi, managing director of The Palm Deira, said: "Construction of The Palm Deira is progressing well. Completing over a quarter of the total reclamation on this major landmark project is a significant milestone.
"We have been working with our key partners to ensure that we can deliver and meet the challenging demands of such a large undertaking.
"The success of this development to date has been shaped by our extensive experience as world leaders in waterfront developments and strategic partnerships with key stakeholders."
Share this article
Gulf News classifieds
Popular in Business
Business Editor's choice
-
Media baron Murdoch cries foul
Murdoch's suggestion of content theft infuriates digital evangelists
-
Jobs vital to global recovery
Higher unemployment reduces purchasing power and revenues
-
Abulhoul Aviation to begin operations
New charter company will use Cessna 206 Station Air to transport tourists
-
Banking
Mortgages: there's light at the end of the tunnel
UAE buyers are securing home loans again
