UAE-based developer Nakheel has began working on its 55-storey residential tower, a 16-screen cinema complex with its own multi-storey parking area and retail expansions in the Ibn Battuta Mall with a total budget of AED 850mn, Invest-Gate reports.
According to a statement, the new residential tower, Ibn Battuta Residences 2, will complement Ibn Battuta Residences, Nakheel’s 48-storey twin-building apartment complex, announced in 2016. Ibn Battuta Residences 2 will hold 108 two-bedroom and 171 three-bedroom apartments plus ground-floor retail facilities.
It will also feature a health and wellness center, along with swimming pools for adults and children, a fitness club, and a café, which will all top a four-storey parking area housing 515 spots. Additionally, the complex will feature a 32,000 square feet landscaped park with a 200-meter-long jogging track, children’s playground, and a shaded seating.
Complementing the existing 21-screen cinema, the four-storey dine-in cinema complex, enjoying 16 screens and a dining court, will encompass more than 700,000 square feet, including 114,000 square feet of leasable space. It will also feature a multi-storey parking area with nearly 1,400 spots as well as a range of casual dining restaurants and cafes.
Ibn Battuta’s retail area will expand to 53,000 square feet of shop space and 625 parking spaces across three levels. Linked to Ibn Battuta Residences 2, the extension forms part of the mall’s existing India Court, featuring nearly 30 new shops with a built-up area of 260,000 square feet.