{"id":3437,"date":"2016-02-02T22:34:19","date_gmt":"2016-02-02T15:34:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=3437"},"modified":"2016-02-02T19:42:47","modified_gmt":"2016-02-02T12:42:47","slug":"work-to-begin-on-nakheels-dh1-4bn-palm-gateway-tower-project-in-dubai","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/work-to-begin-on-nakheels-dh1-4bn-palm-gateway-tower-project-in-dubai\/","title":{"rendered":"Work to begin on Nakheel's Dh1.4bn Palm Gateway tower project in Dubai"},"content":{"rendered":"


\n
\nNakheel has awarded a contract to build the Dh1.4bn The Palm Gateway triple tower and beach complex above the Palm Gateway monorail station to a joint venture between Ssangyong Engineering & Construction (Ssangyong E& C) and China State Construction Engineering Corporation (CSCEC).The developer said that work on the project is set to begin by the end of March, and that it will take two years to build, completing in the first quarter of 2018.
\nThe project will contain three towers with 1,265 apartments in three high-rise buildings \u2014 the tallest of which will be 285 metres high. Apartments will range in size from one to three bedrooms and will be retained by Nakheel to generate leasehold income. The entire complex will have a gross floor area of 5.5 million square feet. The tallest tower will be the 285m-high, 59-storey Tubular Tower. There will also be two, 205m, 48 floor towers \u2014 Central Tower and Beach Tower.
\nThey will sit on top of the existing monorail station building, which already has 14 levels of parking, but 32 beach-facing apartments and 16 duplexes will be added to this, alongside retail, dining and health and fitness units.The contract win for South Korean contractor Ssangyong E&C means that it is the third major Dubai project picked up by the firm within the past few weeks. Earlier this week, The National revealed that the company had been appointed as part of a joint venture with Besix to deliver the US$1.4bn (Dh5.1bn) Royal Atlantis hotel on the opposite end of Palm Jumeirah and last month it was revealed as one half of the joint venture building the $1bn ICD Brookfield Place tower in DIFC.
\nSsangyong E&C was bought by sovereign wealth fund the Investment Corporation of Dubai about 12 months ago in a deal worth 2 billion Korean Won (Dh666.7m).mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Work to begin on Nakheel’s Dh1.4bn Palm Gateway tower project in Dubai<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nakheel has awarded a contract to build the Dh1.4bn The Palm Gateway triple tower...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-3437","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Tr","jetpack-related-posts":[{"id":39145,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-plans-huge-increase-in-contracts-awarded-for-next-year\/","url_meta":{"origin":3437,"position":0},"title":"Nakheel plans 'huge' increase in contracts awarded for next year","date":"December 28, 2016","format":false,"excerpt":"\r Dubai-based developer Nakheel has confirmed that it is planning to award contracts worth at least Dh10 billion next year, a 66 per cent increase from this year's figure.A spokesman for the developer confirmed that main contracts that are anticipated to be awarded within the next 12 months include one\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-awards-dh1-5bn-contract-for-the-palm-gateway-development\/","url_meta":{"origin":3437,"position":1},"title":"Nakheel awards Dh1.5bn contract for The Palm Gateway development","date":"May 14, 2017","format":false,"excerpt":"\r Nakheel said on Saturday it selected Indian engineering firm Shapoorji Pallonji Group to execute a Dh1.5 billion construction contract for a residential retail complex on Palm Jumeirah. The deal is part of Dh12bn worth of contracts expected from the developer this year.Shapoorji Pallonji Mideast, a part of the Mumbai-based\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43167,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-state-construction-unit-aiming-for-summer-2018-finish-at-viceroy-dubai-site-hit-by-fire\/","url_meta":{"origin":3437,"position":2},"title":"China State Construction unit aiming for summer 2018 finish at Viceroy Dubai site hit by fire","date":"February 7, 2017","format":false,"excerpt":"\r China State Construction Engineering Corporation's Middle East unit is working hard to get the Viceroy Dubai project it is building alongside developer Skai Holding at Jumeirah Village Circle back on track following a fire at the site last year, according to its Middle East chairman. The 60-storey tower project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43147,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cscec-aiming-for-summer-2018-finish-at-viceroy-dubai-site-hit-by-fire\/","url_meta":{"origin":3437,"position":3},"title":"CSCEC aiming for summer 2018 finish at Viceroy Dubai site hit by fire","date":"February 7, 2017","format":false,"excerpt":"\r China State Construction Engineering Corporation's Middle East unit is working hard to get the Viceroy Dubai project it is building alongside developer Skai Holding at Jumeirah Village Circle back on track following a fire at the site last year, according to its Middle East chairman. The 60-storey tower project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-appoints-ae7-as-consultant-on-deira-islands-boulevard\/","url_meta":{"origin":3437,"position":4},"title":"Nakheel appoints AE7 as consultant on Deira Islands Boulevard","date":"September 4, 2016","format":false,"excerpt":"\r Nakheel has appointed consultant AE7 to spearhead construction of a Dh5 billion, 20-tower development at Deira Islands in Dubai.The developer said that the consultant would oversee the design, engineering and construction supervision of its Deira Islands Boulevard project.It includes 16 blocks of flats, two hotels and two serviced apartment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88319,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-nakheel-says-to-issue-palm360-construction-tender-in-q3\/","url_meta":{"origin":3437,"position":5},"title":"Dubai's Nakheel says to issue PALM360 construction tender in Q3","date":"May 14, 2018","format":false,"excerpt":"\r Developer also calls for piling and enabling works proposals for Palm Jumeirah tallest tower project\r \r Source : arabianbusiness.com\r Read more...Dubai's Nakheel says to issue PALM360 construction tender in Q3","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3437"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=3437"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3437\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=3437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=3437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=3437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}