Nakheel awarded a construction contract for Palm Gateway project in Dubai
Three tower complex to be constructed over a metro station at the entrance to Palm Jumeirah.
One of the Dubai's largest developers Nakheel has awarded general contract for construction of its new US$ 380 million Palm Gateway tower and beach complex.
A joint venture between a Korean company Ssangyong and the China State Construction Engineering Corporation (CSCEC) will be responsible for this new landmark iconic project being built at the entrance to the Palm Jumeirah man-man archipelago.
According to developers, construction works at the site will begin in late March this year, and full completion is scheduled for the first quarter of 2018.
The Palm Gateway project will include 1,265 apartments in three high-rise buildings located over a monorail station. However, such neighbourship won’t bring any inconvenience to residents, because modern construction technologies help to completely eliminate any vibration and noise.
Mixed-use Palm Gateway project having a total area of over 5.5 million square feet will become an important architectural element in the structure of the city: the ensemble of three towers with height ranging from 205 to 285 meters forms an entry complex welcoming tourists and guests at the entrance to the Palm Jumeirah.
59-storey Tubular Tower will be the highest building in this triple development, while other two towers — Central Tower and the Beach Tower — will reach only 48 floors in height. An already existing 14-level parking complex will be used as a base for the main tower with 32 beach-facing apartments and 16 duplex added to this. One to three bedroom apartments in the Palm Gateway are planned for lease.
Thus, Ssangyong contractor will participate in the development both of the front and the far end of the man-made archipelago Palm Jumeirah, since this week the Korean company signed another contract for joint construction of a luxury Royal Atlantis hotel with a total value of US$ 1.4 billion at the crescent of Palm Jumeirah.