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New Nakheel Mall opens on Palm Jumeirah, Dubai

01.12.2019
Due to this opening, prices for nearby located elite real estate units can get additional push.

The long-awaited Nakheel Mall opened on Palm Jumeirah in Dubai providing new opportunities for shopping and entertainment in the heart of the man-made island. It costed master developer AED1.2 billion (US$ 320 million) to build this mall. Now 78,000 island’s residents and even more of its guests will be able to enjoy the unsurpassed benefits of this modern center of attraction for everyone.

Together with the mall, the central part of The Palm Island, namely, the upper part of its “trunk”, has now become easily accessible by road, monorail and by foot. The mall has its own Palm Monorail station with free access until the end of February 2020. In addition, drivers will be able to take advantage of the three-level parking, while pedestrians can enjoy nice walks to Al Ittihad Park and the nearby residences at Tiara ResidenceMarina Residence 3 and Dukes The Palm.

At the opening of the Nakheel Mall, Nakheel CEO Ali Rashid Lootah said: “We are proud to add Nakheel Mall to our diverse portfolio of projects in the retail, leisure and hospitality sectors. This stunning new destination combines first-class shopping with unique attractions in our flagship residential community on Palm Jumeirah, which continues to be one of the world's most popular places to live and visit”.

“Nakheel Mall has been part of the island’s master plan from the very beginning. Today’s opening of this retail center is another key milestone that brings us closer to the full implementation of the holistic concept of this world-famous island,” Lootah added.

The new megamall has five storeys of shops, restaurants and entertainment venues, including the Vox Cinemas with 15 screens, Trampo Extreme, Fabyland, Waitrose supermarket, Depachika Food Hall, H&M, Fitness First and many others.

Nakheel Mall also provides access to The View at The Palm Public Observatory, located on top of the nearby located Palm Tower, 230 meters above the island. This observatory, according to the developer, will be also opened soon.

On the occasion of the opening, a number of entertainment events and promotions were held at the Nakheel Mall with prizes worth up to AED1 million, including the brand new Maserati car, which one can win for every AED250 spent in the mall from now and until December 7th.

Real estate experts also note that the opening of such a significant infrastructure unit as Nakheel Mall, as well as additional amenities related to this project, i.e. transport and pedestrian zones, will have a major beneficial effect on the island's real estate market.

If you are looking for property on a Palm island, you should definitely pay attention to offers from Seven Tides developer. One of its projects Dukes The Palm is located directly next to the new mall. But another project, on the island’s Crescent, the Seven Palm (formerly SE7EN Residences the Palm), which includes two towers — residential apartments at Seven Palm Residences building and Seven Palm Hotel Apartments tower gives much more benefits for a far-sighted property investors. This is a type of property, which can be purchased through several installments, with a guarantee of investment income in the amount of 10 per cent per annum for the first five years.

For more details on these projects, please, feel free to contact IMEX Real Estate, an exclusive promoter for real estate sales in this complex in Dubai.

To always stay up to date with the latest analytics data and real estate prices in Dubai, subscribe to our newsletter using the form below. And in order to sell, lease or buy/ rent housing or commercial properties in Dubai, contact IMEX Real Estate. Our contacts:

Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)

Toll Free Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

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