Plots on Dubai’s Deira Islands up for sale
Developer Nakheel has announced plans to launch more than 12.4 million square feet of prime land at Deira Islands, its new 15.3 square kilometer waterfront city.
The master developer is releasing its first phase of plots – ranging from 50,000 to 670,000 square feet – for hotel and resort development on two of the four islands that make up the project. Nakheel said in a statement that 94 first phase plots are available, with special payment plans for investors in hotel and resort projects, Hotelier Middle East reported.
The two islands will ultimately add over 23,000 hotel keys and 31,000 apartment keys to Dubai’s hospitality and residential landscape. Deira Islands, which will add 21 kilometers of beachfront to Dubai’s coastline, will play a key role in the emirate’s target to attract 20 million visitors a year by 2020.
It is one of a number of Nakheel projects underway in the run up to Expo 2020, which is expected to attract more than 25 million people, the company said, adding that it will release more land for sale soon. In total, more than 500 plots will be available across the two islands.
Nakheel said it is also developing a significant amount of the 4.5 million square metres south island, creating a creekside destination, easily accessible from the mainland by road bridges and abras. The island’s host of attractions will include a large shopping mall; an Arabic souk-style night market, a 250-room hotel, an amphitheatre for 30,000 people and a marina that can accommodate large yachts.
All four Deira Islands will feature hotels, resorts and residential, commercial and retail units. Nakheel will master plan and complete infrastructure work ready for third party development on each island. The developer also plans to build five hotels of its own at Deira Islands.
Developer Nakheel has announced plans to launch more than 12.4 million square feet of prime land at Deira Islands, its new 15.3 square kilometer waterfront city. The master developer is releasing its first phase of plots - ranging from 50,000 to 670,000 square feet - for hotel and resort development on two of the four islands that make up the project. Nakheel said in a statement that 94 first phase plots are available, with special payment plans for investors in hotel and resort projects, Hotelier Middle East reported. The two islands will ultimately add over 23,000 hotel keys and 31,000...
Developer Nakheel has announced plans to launch more than 12.4 million square feet of prime land at Deira Islands, its new 15.3 square kilometer waterfront city.
The master developer is releasing its first phase of plots – ranging from 50,000 to 670,000 square feet – for hotel and resort development on two of the four islands that make up the project. Nakheel said in a statement that 94 first phase plots are available, with special payment plans for investors in hotel and resort projects, Hotelier Middle East reported.
The two islands will ultimately add over 23,000 hotel keys and 31,000 apartment keys to Dubai’s hospitality and residential landscape. Deira Islands, which will add 21 kilometers of beachfront to Dubai’s coastline, will play a key role in the emirate’s target to attract 20 million visitors a year by 2020.
It is one of a number of Nakheel projects underway in the run up to Expo 2020, which is expected to attract more than 25 million people, the company said, adding that it will release more land for sale soon. In total, more than 500 plots will be available across the two islands.
Nakheel said it is also developing a significant amount of the 4.5 million square metres south island, creating a creekside destination, easily accessible from the mainland by road bridges and abras. The island’s host of attractions will include a large shopping mall; an Arabic souk-style night market, a 250-room hotel, an amphitheatre for 30,000 people and a marina that can accommodate large yachts.
All four Deira Islands will feature hotels, resorts and residential, commercial and retail units. Nakheel will master plan and complete infrastructure work ready for third party development on each island. The developer also plans to build five hotels of its own at Deira Islands.
