Nakheel evaluates bids for Palm towers

23 June 2023

Dubai-based developer Nakheel is evaluating bids from at least three contractors for the contract relating to the three towers it plans to complete on the mainland overlooking Palm Jumeirah.

The bidders include:

  • Shapoorji Pallonji (India)
  • Tiger Contracting (local)
  • USBC (local)

Previously known as the Palm Gateway project, the towers are now being marketed as Palm Beach Towers.

The first tower, known as the Tubular Tower, will be 285 metres tall, with 59 storeys, including 44 above podium level.

The Central Tower will be 205 metres tall, with 48 storeys.

The Beach Tower will be 206 metres tall, with 48 floors.

The development also includes a beach club and retail, dining, health and fitness outlets.

Two main contractors have worked on the project, which stalled after structural concrete work had been completed for about 10 levels of the towers.

The work on the towers was performed by Shapoorji Pallonji, which was awarded a AED1.5bn ($408m) contract to build the three-tower residential and retail complex in May 2017. At the time, it was expected to take about three years to complete.

That contract was retendered and, in early 2016, Nakheel selected a joint venture of South Korea’s Ssangyong Engineering Corporation and China State Construction Engineering Corporation for the construction contract.

Japan’s Taisei Corporation was the first main contractor to work on the project, which was then known as Gateway Towers.

Taisei completed the parking podium and monorail station in 2008 before the project was put on hold during the global financial crisis.

Nakheel is planning another high-rise tower on Palm Jumeirah. In May, it launched the Como Residences, which is a 71-storey tower that is over 300 metres tall and features 76 residences consisting of two-to-seven-bedroom apartments, including a duplex penthouse.

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Colin Foreman
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