Wednesday, October 03, 2007

20% of The Palm Jumeirah's Marina Residences complete: Nakheel

Nakheel, the largest real estate developers in the world, has announced twenty percent completion of their Marina Residences development on The Palm Jumeirah. The units are expected to be delivered towards end of 2008.

Palm Jumeirah

The six towers on Marina Residences, located at the tip of the trunk of The Palm Jumeirah, whose groundworks began during September 2006, now have their foundation works complete and the six structures have emerged out of the ground. The electrical, mechanical and plumbing works of each of the towers have commenced.

On completion, the development is expected to comprise about 940 double and triple bedroom apartments, penthouses, and 40 townhouses. Residents will be able to enjoy panoramic views of Arabian coast and get to access a wealth of attraction on The Palm Jumeirah such as the Atlantis, QE2, the luxury marinas, and the purpose-built theatre Cirque Du Soleil.

"We are delighted with the progress made on Marina Residences having only commenced work on the development during late 2006. Since its launch in 2001, the demand for property on 'The Palm Jumeirah' has been exceptional and the Marina Residences have been no different. More than 50% of the projects have been sold, and we are looking for future sales," says Johann Schumacher, the Managing Director of 'The Palm Jumeirah'.

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