Nakheel denies Palm Deira rumours (page 2 of 2)

Also this month, Nakheel joined forces with the RTA, through a special agreement, to connect the transportation network on mainland Deira to the network being developed by Nakheel on Palm Deira. Along with similar integrated networks for the Metro and Marine transport, residents will have the flexibility to travel around the emirates with their preferred mode of transport.

DEWA has approved nine substations on the Palm Deira, and you can clearly see the columns on these substations starting to come out upon visiting the site.

On a weekly basis, the Palm Deira receives some 200,000 cubic metres of sand and 450,000 tons of rock. The size of land reclaimed up to this date is three times the size of Palm Jumeirah. Up to 700 workers work on reclamation, while on average 100-200 people transfer rock from Ras Al Khaimah to the site.

Between 70 and 100 workers work on the sub stations, 400 on the bridge, 500 on the construction of the sales office, 100 workers for the first complex, and 400 to 500 on soil improvement. In total, the labour force on Palm Deira can go up to 4,000 workers per day.

On visiting the Palm Deira site, it was clear that construction work was on-going. But in the market, contractors still say that their contracts have been suspended, mainly due to the fluctuations in construction material prices. And this is not happening just with Nakheel, but other developers as well, a source revealed to AME Info.

See also:
Dubai developers feel the effects of price uncertainty
What does the global financial crisis mean for Dubai real estate?