Nakheel is inviting construction proposals for the AED 5bn Deira Islands Boulevard project that will be home to 10,000 people.
The master developer will release a tender this week for the construction of 2,924 apartments and townhouses in 16 residential towers.
Due for delivery in 2020, Deira Islands Boulevard lies at the heart of Nakheels 15.3 sq km Deira Islands coastal city, a new hub for living, leisure and hospitality and a key element of the Government of Dubais tourism vision.
Reaching up to 21 floors, the 16 towers will be built in four clusters, each containing nearly 670 one, two and three bedroom apartments, 65 townhouses and ground-level retail and recreation facilities.
There will be 4,500 podium-level car parking spaces at the development, which will have a total built up area of over seven million sq ft.
Deira Islands Boulevard is set on an area of land spanning more than nine million sq ft equivalent to nearly 120 international-standard football fields with 20 percent of the development dedicated to communal outdoor space.
The project will be built around Deira Mall, Nakheels 6.5 million sq ft shopping, dining and leisure destination, for which a construction tender has already been released.
The Boulevard will also contain six further buildings two hotels, two serviced apartment complexes and two residential bringing the total number of towers to 22. A construction tender for these will be issued in due course.
The new homes at Deira Islands Boulevard are key to Nakheels residential leasing strategy, under which the company is doubling its existing number of units to nearly 36,000.
Nakheel is also building homes to lease at Jebel Ali, Nad Al Sheba, Palm Jumeirah and Jumeirah Heights, adding to its existing stock at The Gardens, Discovery Gardens, International City and Jebel Ali Village.