The company's new landmark development is due to open by October 2021.
The 52-storey Palm Tower, Nakheel’s new landmark development on Dubai’s Palm Jumeirah, is now almost 95 percent complete. All components of the project are due to open by October this year.
According to Nakheel's press release issued on Sunday, the 240-meters high building is in the advanced stages of fit out, with all exterior cladding completed.
The Palm Tower offers magnificent panoramic views of the Palm Jumeirah island, the Arabian Gulf, the Dubai skyline and all the amenities for residents and visitors.
The building includes 432 luxury, fully furnished apartments, due for handover from October this year, and a 290-room St. Regis hotel, opening this summer.
Aqil Kazim, Chief Commercial Officer at Nakheel, said, 'The Palm Tower is the latest, iconic addition to Palm Jumeirah and Nakheel’s growing list of landmark projects across Dubai. Its unrivalled residential, hospitality and leisure components will further enhance Dubai’s position as a world-class destination for living, leisure and tourism'.
The studios and one, two and three-bedroom apartments occupy levels 19 to 47 of the building, with prices starting from USD 462 thousand. The first 18 floors of the Palm Tower are dedicated to the St. Regis hotel.