Nakheel confirms Dh819m contract for construction of The Palm Tower

Dubai: Nakheel has awarded a contract worth Dh819 million for the construction of The Palm Tower, its 52-storey, five star hotel and residential complex on Dubai’s Palm Jumeirah, the developer announced.

Nakheel has appointed UAE-based Trojan General Contracting and National Projects & Construction LLC to jointly build the luxury landmark, which will tower almost 240 metres above Dubai’s world-famous Palm Jumeirah island.

The Palm Tower comprises 504 luxury residences and a five star, 290-room hotel with an array of dining and leisure facilities, including a rooftop infinity pool, restaurant and viewing deck. The hotel will occupy the first 18 floors of the building.