AED2 billion retail, dining and entertainment hub coming to Dubai's Jumeirah Village

Dubai, 9 August 2016

Dubai master developer Nakheel today signed a contract worth AED1.5 billion for the construction of its Al Khail Avenue retail, dining and entertainment hub - and announced that it is now bringing hospitality into the mix by adding a 252-room hotel to the complex.

            The contract was awarded to UAE-based Dhabi Contracting LLC, with construction set to begin in early October.  Earthworks at the site - alongside Dubai's Al Khail Road on the edge of the Jumeirah Village Triangle (JVT) community - were completed in June.

Directly connected to Al Khail Avenue and its 350 shops, restaurants and entertainment outlets, the 18-storey hotel will feature an all-day restaurant, coffee shop, lounge, outdoor terrace, pool deck gymnasium and car park.

The hotel and leisure club will further enhance the growing JVT community, where residents will be offered club membership at preferential rates.  JVT contains more than 13,000 villas, townhouses and apartments spread across 242 hectares, with two schools and a range of third party residential developments currently under construction.

Scheduled for completion in Q1 2019, the two million square foot Al Khail Avenue has more than 1.2 million sq ft of leasable space, of which around 70 per cent is booked. Confirmed outlets include 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 a multitude of cafes and restaurants, plus a 4,000-space multi-storey car park which can be accessed directly from Al Khail Road.

Situated amidst several established or rapidly-developing residential communities and close to commercial hubs including JAFZA and Dubai World Central, Al Khail Avenue is a convenient shopping and entertainment facility for people living nearby, a new destination for residents and tourists elsewhere in Dubai and the UAE, and an ideal location for business travellers.

Nakheel's retail project portfolio is set to become the biggest in the UAE, with over 15 million sq ft of leasable space in operation or under development. The developer's hospitality portfolio is also growing rapidly, with nine hotels across Dubai either open, under construction or in design stage. 

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Media contact
Rebecca Rees on +9714 375 9702 (Rebecca.rees@nakheel.com)

About Nakheel (www.nakheel.com)
Nakheel is one of the world's leading developers and a major contributor to realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.

Our master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba Community. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has nearly 21,000 residential units under construction or in the pipeline.

Nakheel's current and future retail project portfolio covers more than 15 million square feet of leasable space. Retail destination developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Nakheel Mall, The Pointe, The Golden Mile, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. Nakheel also has several neighbourhood community centres in operation or under development.

Our growing hospitality project portfolio comprises 10 hotels at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall and Dragon City.

© Press Release 2016