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29 March 2024

Nakheel launches sale of hotel plots on Deira Islands

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By Staff

Nakheel will launch sales of over 12.4 million square feet of prime land at Deira Islands, its new 15.3 sq km waterfront city, on Sunday.

The developer will be releasing its first phase of plots – ranging from 50,000 to 670,000 square feet – for hotel and resort development on two of the four islands that make up the project.

In the first phase, 94 plots are available, with special payment plans for investors in hotel and resort projects. The two islands will ultimately add over 23,000 hotel keys and 31,000 apartment keys to Dubai’s hospitality and residential landscape.

Deira Islands, which will add 40km, including 21 km of beachfront to Dubai’s coastline, will contribute significantly to Dubai government’s tourism vision, which aims to bring 20 million visitors a year to Dubai by 2020. It is one of a number of Nakheel projects underway in the run up to Expo 2020, which is expected to attract more than 25 million people.

Nakheel itself will develop a significant amount of the 4.5 million square metre south island, creating a creek side destination, easily accessible from the mainland by road bridges and abras. The island’s host of attractions will include a large shopping mall; an Arabic souk-style night market; a 250-room hotel; an amphitheatre for 30,000 people; and a marina that can accommodate large yachts.

All four Deira Islands will feature hotels, resorts and residential, commercial and retail units.  Nakheel will master plan and complete infrastructure work ready for third party development on each island.  The developer also plans to build five hotels of its own on Deira Islands.

Nakheel Chairman Ali Rashid Lootah said: “By applying the innovative design and engineering that we are known for, we are creating Deira Islands, yet another world-class, waterfront wonder that will further cement Dubai as a global tourism, retail and business hub and contribute significantly to the emirate’s economy for decades to come.”