Nakheel plans $3.81b projects for next 3 years

08.04.2015
The projects include Deira Mall and an expansion to the Ibn Battuta mall.

Dubai developer Nakheel has announced plans to implement projects worth nearly $4 billion over the next three years.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, was briefed on the new projects worth AED14 billion ($3.81 billion) during a tour of Nakheel's head office, news agency WAM reported.

The project includes Deira Mall, which will accommodate 3,000 shops and will be surrounded by about 16 residential towers, offices, four residential complexes hotels and upscale resorts.

He was also briefed about the expansion project of Ibn Battuta. The project includes a covered indoor garden, equivalent to four football pitches and a lobby for restaurant courts, along with a five-star hotel, a cinema and an additional 4,000 vehicle parking spaces.

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