Sunday, October 15, 2006

Nakheel will hand over the first batch of Palm Jumeriah on December

“The first phase of The Palm Jumeirah will commence handover by the end of 2006. It is staggering to think that just five years after the first grain of sand was placed in the Arabian Gulf, we will soon welcome our very first residents,” Manal Shaheen, director of sales, marketing and customer service.

“The hand over procedure would include a combination of villas and apartments,” Shaheen added. The procedures for the handover, however, will commence on November 30, according to Shaheen. “The entire process of handover involves various steps such as notifications, visits and so on. We will hand out the keys after all the procedures are through. But the owners who have already made all their payments and just need to finish the registration process, will be able to claim their keys within a week’s time,” she said.

The first phase of The Palm Jumeirah is on schedule now after suffering a year’s delay earlier on. Nakheel had announced in July 2005 that the residents of the Palm Jumeirah would not be handed over proper ties until November 2006, one year later than expected. The company had justified the delay by telling customers the delay was to ensure that the completion of the project is to the highest quality. When quizzed on the completion date for the island’s first phase, Shaheen did not reveal an exact time period but said that the handover of more than 4,000 villas and apartments is a “considerable logistical task”.

“We are aware that our many customers around the world are excited about moving into their homes on The Palm Jumeirah and demand will be high. “It is impossible to move everybody in at once so there must be a controlled and phased programme,” she said. Residential is just one seg ment of the massive development, with retail and hospitality still to be fully realised.
The future phases of The Palm Jumeirah include completion of The Golden Mile (a retail boulevard to be located along the trunk of The Palm Jumeirah), 32 five-star hotels located on both the crescent and the trunk of the project, and the opening of the Dh1.4billion Palm Monorail in December 2008.

[Source - Emirates Today]

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