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|09 January, 2019

Second-tallest tower on Dubai’s Palm Jumeirah to complete in 2020: Nakheel

The 240-metre Palm Tower hotel and residential complex also features one of the world’s highest rooftop infinity pools

Nakheel releases piling and enabling works tender for PALM360 on Dubai’s Palm Jumeirah. Image for illustrative purposes.

Nakheel releases piling and enabling works tender for PALM360 on Dubai’s Palm Jumeirah. Image for illustrative purposes.

Nakheel/Handout via Thomson Reuters Zawya

The second-tallest tower planned for Dubai’s Palm Jumeirah would be completed in 2020, according to a top official with the project’s developer, Nakheel.

The 240-metre Palm Tower hotel and residential complex, set to be the second-tallest structure on the man-made island after the under-construction 260-metre Palm360 luxury hotel and residential project, would be completed in 2020, Nakheel’s chief commercial officer Aqil Kazim said on Tuesday.

The 1.2 billion UAE dirhams ($326.8m) Palm Tower will have 50 floors of hotel and residential accommodation topped off by one of the world’s highest rooftop infinity pools on the 50th floor, a 51st level restaurant complex and a 52nd floor public viewing deck, according to a Nakheel statement.

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Kazim said the 289-key St Regis Dubai – The Palm hotel would occupy the first 18 floors while luxury residences totalling 432 units would be housed on the next 30 floors.

“The civil works for hotel and residential structure are finished and we are working on levels 51 and 52 and the club. In terms of completion, we are targeting 2019 for the hotel, whereas for the residences, the fit-outs will finish in 2020,” the Nakheel official said during a media tour of the project site.

The 819 million dirhams ($223m) main contract for the project was jointly awarded to local firms Trojan General Contracting and National Projects & Construction in October 2015.

The infinity pool, Kazim continued, would border all four sides of the building and offer views across Palm Jumeirah, the Arabian Gulf and the Dubai skyline.

In a statement issued on Tuesday, Nakheel said construction of the pool, located 210 metres above ground, has already started while work on the restaurant and viewing deck complex would begin soon.

Kazim said the access point for the public viewing deck would be through Nakheel Mall, which is scheduled for completion this year. Furthermore, the mall would also have its dedicated monorail station.

“The public viewing deck is very fit for purpose because we already have a lot of tourists that go through here every day and this would be yet another pit stop on their journey towards The Atlantis and back,” he noted, while confirming that access to the viewing deck would be ticketed.

A Nakheel spokesperson added that the Nakheel Mall Station would increase the total number of monorail stations on Palm Jumeirah to four, with a fifth station planned for the newly-opened waterfront dining and entertainment destination The Pointe.

Kazim also noted that the Palm Monorail is already linked to the Dubai Tram and Dubai Metro transport systems.

Commenting on the Palm360 project, he said the project is in advanced design stage and main construction would start soon.

The project, which comprises the Raffles The Palm Dubai Hotel and Raffles Residences Palm360, is scheduled for completion in 2021, according to a October 2018 Nakheel statement. The master developer had said in the statement that it awarded a 23.7 million dirhams ($6.5m)  piling work contract for the project to Germany’s Bauer Spezialtiefbau, and expected to release the construction tender in first quarter 2019.

Nakheel’s hospitality project portfolio comprises 18 hotels and serviced apartment developments with over 6,600 rooms and hotel apartments in various stages of development. Two projects – a 251-key Ibis Styles in Dragon City and a 372-key Premier Inn in Ibn Battuta Mall – are already operational while three projects – a 304-key Premier Inn in Dragon City, a 375-key Avani in Ibn Battuta Mall and the St Regis hotel on the Palm are expected to be completed this year.

(Reporting by Anoop Menon; Editing by Michael Fahy)

(anoop.menon@refinitiv.com)

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