The Dubai-based developer, Nakheel has awarded a 410 million dollars construction contract to Shapoorji Pallonji Mideast.
The contract is for the residential, retail and beach club development, The Palm Gateway located at the foot of Palm Jumeriah.
Construction works are expected to start by the second quarter of 2017 where the project will take two years and a half to get completed.
According to Ali Rashi Lootah, chairman of Nakheel, The Palm Gateway construction contract is among 3.3 billion dollars contracts to be awarded by Nakheel this year.
The Palm Gateway will include 1,265 luxury apartments across three tall buildings above podium level that offer panoramic views of Palm Jumeirah and the Arabian Gulf.