Tuesday, November 25, 2008

Habtoor Group announces sale of Harbour Island Resort & Spa apartments

For the first time, Habtoor Group has announced sale of its 24 freehold apartments of 'Harbour Island Resort & Spa' development on the Crescent, at the Palm Jumeirah.

Habtoor Residence and Spa
The announcement was made by Mohammed K. Al Habtoor, the Chief Executive of the group.
The project, currently estimated to be worth of Dh1.2billion, may go up further, depending on prices of materials. The apartments of this exclusive project, has all the amenities of a hotel. Depending on the demand for the project, more units will be offered, Al Habtoor said.

The Habtoor Island will house 6-7 restaurants, out of which one of the biggest will be managed by a UK firm. The Chairman of the group, Khalaf Al Habtoor said that the company aims to offer a property that would gain recognition as one of the finest developments in the plant. The company is also aiming for LEED Gold Rating certification for its environmental friendliness.

"The fact that we are committed to deliver an unparalleled lifestyle is evident now, as we have allocated 70 percent of the development towards gardens and water features," Al Habtoor pointed out.

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