The mixed-use project is spread across 13 million sq ft with a total built-up area of approximately 22 million sq ft and offers a range of residential, retail, office and recreational attractions.
The project is exclusively managed by Dubai Investments, through the Palisades Development Company.
The company has also announced that a contract for earth works grading and levelling of the roads has been awarded to Arabtec Construction LLC. The grading work is almost 45% finalised and expected to be completed by September 2017.
The infrastructure within the project is being developed in phases at a total cost of $158 million, according to Khalid Bin Kalban, Managing Director and CEO of Dubai Investments.
The works include construction of 2 132KV sub-stations, district cooling network, sewage and irrigation systems, fire-hydrant networks, street lights, green parks and public facilities.
The Palisades has been divided into plots of varying sizes, ranging from 60,000 sq ft to 600,000 sq ft, and earmarked for development. The plots will be sold to investors who will develop as per the designed master plan.
Source : https://goo.gl/pm6tBl