Construction of the $220 million The Pointe mall on Palm Jumeirah in Dubai is around 30% complete, according to the developer Nakheel.

The project is set for shell and core handovers in the third quarter of this year, and will be complete in 2016, the developer of the manmade island said.

Nakheel said almost 100 restaurants and shops have been signed up to be part of the 1.4 million square foot waterfront development. Restaurants will include Reem Al Bawadi, Russo’s Italian Kitchen and Leopold’s of London.

The Pointe, located at the tip of Palm Jumeirah across the bay from Atlantis, will have 148 retail units, covering more than 500,000 sq ft.

“Nearly two thirds of the available leasing space at The Pointe is already booked, and we’re signing new deals almost daily as more restaurants, cafes and shops seize this opportunity,” said Omar Khoory, director of Nakheel Retail.

The Pointe, which is accessible via The Palm Monorail, will also include a car park with 1,600 spaces.