During Cityscape 2013, Nakheel announced its plan to eventually develop the remnants of the Palm Deira project - which was cancelled in the 2008 financial crisis aftermath. This project is now called Deira Islands - and it consists of a 15.3 sq. km waterfront city. According to Nakheel's masterplan, there are a total of four islands which will be used for development of hospitality and residential projects. The ultimate plan forsees the development of 23,000 hotel rooms and 31,000 residential units.
In Q1 2014, Nakheel announced that it had put up for sale about 12.4 million sq. ft. of prime land on Deira Islands - a total of 94 plots ranging from 50,000 - 670,000 q. ft. For now, only plots in two of the four islands are being sold. There are a total of 500 plots in the masterplan for these two islands.
On the 20th April, 2014: Nakheel announced that it had appointed AE7 for design and supervision of the project including services such as master-planning, parcelization and infrastructure design.