|Real Estate News|
Nakheel, one of the world’s largest privately-held property developers, has announced its latest development - Dubai Promenade, a sophisticated waterfront community which will create a virtual peninsula along the Dubai shoreline anchored by a spectacular five-star wheel-shaped hotel. Surrounded by the sea, a marina and a natural beach, Dubai Promenade will offer panoramic views, idyllic walkways, and carefully considered architecture to create a distinctly different residential and commercial environment.
Dubai Promenade is located between Dubai Marina and the seafront and is adjacent to Dubai International Marine Club (DIMC). The development offers breathtaking views of the Arabian Gulf, The Palm Jumeirah and the coast towards Jebel Ali Port. The development places an emphasis on open space and waterfront lifestyle with an expansive promenade opening up the seafront to residents and visitors.
In addition to a selection of commercial and residential towers, cafés, restaurants and retail offerings will span the length of the entire waterfront. Dubai Promenade will have its own marina with more than 60 berths.
Ali Bin Damithan, Senior General Manager – Dubai Promenade, said: “When masterplanning Dubai Promenade, we were keen to create a feeling of open space, capitalizing on the waterfront views. As well as being a premium location for offices and retail, public access to the promenade will provide a unique location for families to stroll and enjoy seafront views.
“Dubai Promenade will also further enhance the emirate’s international profile through its centrepiece wheel-shaped hotel. The hotel’s unprecedented shape and structure will be spectacular and no other skyline in the world offers anything like it.”
Reclamation at Dubai Promenade is being undertaken by Van Oord. It is due to be completed in the first quarter of 2008 with a total of some 750,000 tons of rock being placed and 650,000 m3 of sand reclaimed. Construction will begin in mid-2008 and on completion the development will accommodate approximately 10,000 residents in more than 2,000 residential units, will offer over 25,000 m2 of retail space and over 17,000 m2 of office space.
Further details of the project will be available at the Tourism Development Projects & Investment Market exhibition 20-22 January 2008 at the Dubai International Convention & Exhibition Centre.