Construction of AED2bn Al Khail Avenue to start in October
Dubai developer Nakheel has awarded a construction contract worth AED1.5 billion for its AED2 billion Al Khail Avenue development, the company revealed last week.
The contract was awarded to UAE-based Dhabi Contracting, with construction of the mega development set to begin in early October.
Located alongside Dubai’s Al Khail Road on the edge of the Jumeirah Village Triangle (JVT) community, the new project will feature 350 shops, restaurants and entertainment outlets.
Nakheel also revealed that it is adding a 252-room hotel to the complex.
Directly connected to Al Khail Avenue, the 18-storey hotel will feature an all-day restaurant, coffee shop, lounge, outdoor terrace, pool deck gymnasium and car park.
Scheduled for completion in Q1 2019, Al Khail Avenue will feature a 14-screen Reel Cinemas complex, a Waitrose supermarket and a wide range of fashion, children’s, home and electronics stores.
There will also be cafes and restaurants, plus a 4,000-space multi-storey car park which can be accessed directly from Al Khail Road.
The new development seeks to cater to the JVT community, which includes more than 13,000 villas, townhouses and apartments spread across 242 hectares, with two schools and other third party residential developments currently under construction.
Nakheel is rapidly boosting its retail project portfolio, with more 15 million sq ft of leasable space in operation or under development.
The company is also developing its hospitality portfolio, with nine hotels across Dubai either open, under construction or in design stage.