Nakheel, the Dubai royal family-owned developer, today announced plans for its Dubai Promenade waterfront community scheme.
The scheme, to be anchored by a five-star, wheel-shaped hotel, will also include a marina, 270,000 sq ft of retail space and 182,990 sq ft of office as well as residential towers capable for housing more than 10,000 people in 2,000 units. It will also include cafes, restaurants and shops.
Ali Bin Damithan, senior general manager of Dubai Promenade at Nakheel said: ‘When masterplanning Dubai Promenade, we were keen to create a feeling of open space, capitalizing on the waterfront views.
‘Dubai Promenade will also further enhance the emirate’s international profile through its centrepiece wheel-shaped hotel.
'The hotel’s unprecedented shape and structure will be spectacular and no other skyline in the world offers anything like it,’ he said.
Reclamation of the land for the scheme is expected to be completed this quarter and development to begin in the summer.