alt
alt
Home / Franchise News / Dubai's Nakheel unveils new $231m Ibn Battuta project

Dubai's Nakheel unveils new $231m Ibn Battuta project

17 Feb 2017 772 Views

Developers starts work on residential tower, cinema and retail expansion at Dubai's themed mall

Developer Nakheel said on Wednesday it has begun work on a new 55-storey residential tower, 16-screen cinema complex, multi-storey car park and retail expansion at Ibn Battuta Mall in Dubai.

Nakheel said in a statement that has awarded a contract o Dubai-based National Gulf Constructions for enabling works at the site, located on the southern side of the mall, adjacent to The Gardens community.

The new AED850 million ($231 million) residential, retail and entertainment development includes a 55-floor residential tower - Ibn Battuta Residences 2 - with 279 apartments, pool deck, landscaped grounds, retail space and multi-storey car park.

There is also a 16-screen dine-in cinema complex, with its own multi-storey car park with almost 1,400 spaces, directly linked to the mall and a retail expansion with 53,000 sq ft of shop space and more than 600 new parking spaces.

With 279 high quality apartments, the tower will complement Ibn Battuta Residences, Nakheel’s 48-floor twin-building apartment complex, announced last year. The three towers have 810 apartments between them.    

A health and wellness centre – featuring swimming pools for adults and children, fitness club and café – will occupy the top-level of a four-storey parking podium housing 515 spaces.

Nakheel added that the complex will also have a 32,000 sq ft landscaped park with a 200 metre jogging track, children’s play area and shaded seating.

The new projects are part of Nakheel’s phased expansion at Ibn Battuta Mall that is transforming the area into a sprawling retail, residential and leisure hub.

Phase one, comprising a 300,000 sq ft retail extension, a 210 metre link to the Dubai Metro and a 372 room hotel, opened last year. Subsequent phases include a one million sq ft mall featuring a retractable roof for year-round shopping and dining, and a second hotel.

♦ Arabian Business.com