Nakheel invests $4.8m in Palm Jumeirah marinas

Nakheel is investing $4.8m million to increase boat mooring capacity on the Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600.

New marinas are on the way at Nakheel's Azure Residences waterfront apartment and restaurant complex on the island's eastern trunk, and at The Pointe, Nakheel Malls' upcoming seafront dining and shopping destination.

Due for completion this year, the marinas will accommodate a total of 44 boats and yachts up to 30 metres long and will complement Nakheel’s two existing marinas on the island, at Palm Views East and West, which are already at full capacity with 556 moorings. 

Nakheel is also building six marinas, at a cost of $44.92 million, at its new waterfront master development, Deira Islands. Between them, they will accommodate 614 boats and yachts up to 60 metres long. 

Related stories:

The 10 most expensive buildings in the world

• 10 most expensive cities for construction
• Top 10 Most Expensive Construction Markets
• Read the latest issue of Construction Global here

Nakheel has appointed Majestic Marine Engineering LLC to build the new facilities, with Applied Technology & Management, Inc. (ATM) the appointed consultants.