Nakheel has awarded Dhabi Contracting a AED1.5bn ($408mn) contract to build its Al Khail Avenue mall and revealed that it is adding a 252-room hotel to the complex.
Construction is set to begin in early October, the master developer said in a statement. Earthworks at the site alongside Dubais Al Khail Road on the edge of the Jumeirah Village Triangle (JVT) community were completed in June.
Scheduled for completion in the first quarter of 2019, the two million square foot Al Khail Avenue has more than 1.2 million sq ft of leasable space, of which around 70 per cent is booked.
Nakheels retail project portfolio includes over 15 million sq ft of leasable space in operation or under development.
Its hospitality portfolio is also growing rapidly, with nine hotels across Dubai either open, under construction or in design stage.
The firm announced on Sunday that it had tendered contracts for two new hotels at Dragon City and Ibn Battuta Mall with a combined 670 rooms.