15 January 2017
Developer brings AED5 billion community with nearly 3,000 homes to Dubai's new waterfront city

Dubai - Master developer Nakheel is inviting construction proposals for Deira Islands Boulevard, its new, AED5 billion community for 10,000 people, to be built at Deira Islands in Dubai.

Nakheel will release a tender this week for the construction of 2,924 apartments and townhouses in 16 residential towers spread across four clusters, each containing a swimming pool and extensive retail, restaurant and recreation space.

Due for delivery in 2020, Deira Islands Boulevard lies at the heart of Nakheel’s 15.3 sq km Deira Islands coastal city, a new hub for living, leisure and hospitality and a key element of the Government of Dubai’s tourism vision.

Reaching up to 21 floors, the 16 towers will be built in four clusters, each containing nearly 670 one, two and three bedroom apartments, 65 townhouses and ground-level retail and recreation facilities. There will be 4,500 podium-level car parking spaces at the development, which will have a total built up area of over seven million sq ft.

Set on an area of land spanning more than nine million sq ft – equivalent to nearly 120 international-standard football fields – Deira Islands Boulevard is designed as a self-sustaining community offering highly sought-after living, leisure and retail facilities. With 20 per cent of the development dedicated to communal outdoor space, including gardens, shaded walkways and a sports and wellness facilities, Deira Islands Boulevard will be the defining landmark of the area traditionally known as ‘Old Dubai’.

Deira Islands Boulevard will be built around Deira Mall, Nakheel’s 6.5 million sq ft shopping, dining and leisure destination, for which a construction tender has already been released. The Boulevard will also contain six further buildings – two hotels, two serviced apartment complexes and two residential – bringing the total number of towers to 22. A construction tender for these will be issued in due course. 

The new homes at Deira Islands Boulevard are key to Nakheel’s residential leasing strategy, under which the company is doubling its existing number of units to nearly 36,000. Nakheel is also building homes to lease at Jebel Ali, Nad Al Sheba, Palm Jumeirah and Jumeirah Heights, adding to its existing stock at The Gardens, Discovery Gardens, International City and Jebel Ali Village.

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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: to create 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.  Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has more than 21,000 residential units under construction or in the pipeline.

Nakheel’s current and future retail project portfolio covers nearly 17 million square feet of leasable space.  Developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria, Nakheel Mall, The Pointe, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and Nad Al Sheba Mall, as well as major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall.  The retail profile also includes several neighbourhood community centres.

Our growing hospitality project portfolio comprises 16 hotels and serviced apartment developments with more than 5,200 rooms between them at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City.

Media contact: Rebecca Rees on +971 4375 9702 (Rebecca.rees@nakheel.com)

© Press Release 2017