Nakheel starts leasing at The Pointe

RetailME Bureau

Dubai-based developer Nakheel has started leasing at The Pointe – a 1.4 million sqft retail, dining and entertainment complex on Palm Jumeirah. This new project is worth $217.8 million project. This comes a week after Nakheel signed a contract for $102 million with Gulf Technical Construction Company for the construction of The Pointe.

Due for completion in 2016, The Pointe is accessible via The Palm Monorail, soon to be connected to Dubai’s mainland tram system, and by boat from the island’s growing number of hotels and resorts. There is also a car park with 1,600 spaces.

The project, with a fountain display as its centrepiece, is one of several new Nakheel developments underway at Palm Jumeirah, others including Nakheel Mall, The Palm Tower, The Boardwalk and Palm West Beach.