Nakheel’s Palm Tower nears completion

52-storey landmark mixed-use development reaches new heights at the heart of Dubai’s Palm Jumeirah

 The Palm Tower, Nakheel’s new 52-storey landmark development on Dubai’s Palm Jumeirah is now almost 95 per cent complete, with all components due to open by October this year.

Soaring 240 metres above the world-famous island, the iconic building is in the advanced stages of fit out, with all exterior cladding completed.

Located at the heart of the award-winning Palm Jumeirah, The Palm Tower offers sweeping, uninterrupted views of the island, the Arabian Gulf and the Dubai skyline – and world-class amenities for residents and visitors.

The building comprises 432 luxury, fully furnished residences, due for handover from October this year, and a 290-room St. Regis hotel, opening this summer. The hotel and residences are topped off by a three-storey rooftop dining and leisure destination which includes The View observation deck, opening soon, as well as AURA Sky Pool, featuring one of the world’s highest infinity pools, and SUSHISAMBA, which will both open later this year.

Aqil Kazim, Chief Commercial Officer at Nakheel, said: “The Palm Tower is the latest, iconic addition to Palm Jumeirah and Nakheel’s growing list of landmark projects across Dubai. Its unrivalled residential, hospitality and leisure components will further enhance Dubai’s position as a world-class destination for living, leisure and tourism.

“Capturing the attention of investors across the globe, The Palm Tower Residences is one of the most sought-after addresses in the region, offering the ultimate in high-rise living, with a host of amenities within the complex, an onsite Palm Monorail station and Palm Jumeirah’s diverse range of dining and leisure attractions on the doorstep.”

The studios and one, two and three bedroom apartments occupy levels 19 to 47 of the building, with prices from AED1.7 million. The St. Regis Dubai, The Palm is on the first 18 floors.

About Nakheel 

Dubai-based Nakheel is a world-leading master developer whose innovative, landmark projects form an iconic portfolio of master communities and residential, retail, hospitality and leisure developments that are pivotal to realising Dubai’s vision. Nakheel’s waterfront projects, including the world-famous, award-winning Palm Jumeirah, have added more than 300 kilometres to Dubai’s original, 70km coastline, paving the way for the development of hundreds of seafront homes, resorts, hotels and attractions.

Nakheel’s master developments span 15,000 hectares, accommodate nearly 300,000 people and provide a growing range of destinations, attractions and facilities for Dubai’s citizens, residents and tourists. They include Palm Jumeirah, The World, Jumeirah Islands, Jumeirah Park, Jumeirah Village, Al Furjan, The Gardens, Discovery Gardens, Jebel Ali Village, Dragon City, Nad Al Sheba Villas, Warsan Village, International City and the upcoming Deira Islands – a new destination for tourism, living and leisure at Dubai’s oldest, most traditional trading hub.

Nakheel Malls owns and operates a diverse range of world-class retail experiences with a distinct portfolio of iconic lifestyle, shopping, dining and entertainment destinations across Dubai. Palm Jumeirah is home to The Pointe, featuring the world’s largest fountain, The Palm Fountain, as well as Nakheel Mall, Golden Mile Galleria, Club Vista Mare, The Palm Monorail, Palm West Beach, and the upcoming observation deck, The View. Nakheel Malls’ expanding portfolio also includes distinguished, large-scale shopping centres such as Ibn Battuta Mall and Dragon Mart, as well as retail Pavilions at six Nakheel residential communities. Upcoming projects include Souk Warsan, Al Khail Avenue and The Circle Mall.

Nakheel Hospitality’s project portfolio comprises a diverse range of hotels and resorts, including five star, luxury establishments, family-friendly resorts and stylish, modern hotels.  Premier Inn Ibn Battuta Mall, Avani Ibn Battuta, ibis Styles Dragon Mart, Premier Inn Dragon Mart and the Riu Dubai – the first project to be completed at Deira Islands and the first of two international joint ventures under which Nakheel is bringing new hospitality concepts to Dubai in line with the government’s tourism vision – are open. The St. Regis Dubai – The Palm, part of Nakheel’s Palm Tower landmark mixed-use project at the heart of Palm Jumeirah, and Nakheel’s second joint venture, the Centara Mirage Beach Resort Dubai, are scheduled to open in 2021. Nakheel Hospitality’s project collection also includes a range of community clubs and restaurants across Dubai.

Nakheel Residential Leasing’s portfolio currently comprises 17,000 villas and apartments at The Gardens, Discovery Gardens, Jebel Ali Village, Al Furjan, Nad Al Sheba Villas, Palm Jumeirah, Badrah, Veneto and International City.

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