Nakheel signs new Deira Islands contracts
Real estate developer Nakheel has signed a Dh165 million contract for the construction of six marinas at Deira Islands, bringing the total amount of contracts awarded to Dh7.5 billion. The new contract, signed with APCC Piling and Contracting of the UAE, is for the construction of marinas that will accommodate 614 boats and yachts up to 60 metres long. Construction will begin in Q4 2017, with phased delivery over two years. Deira Islands, which will have a population of 250,000 and create 80,000 jobs, will add 40km, including 21km of beach, to Dubai’s coastline.