Thursday, March 04, 2010

Nakheel begins delivery of Marina Residences

Nakheel has begun handover of the sixth and final tower of Marina Residences in the Palm Jumeirah and the residents will move into the new premises within weeks.

A Nakheel statement revealed that the phased delivery of Marina Residences located at the tip of island's trunk began late last year, with about 100 families taking occupancy.

The handover of Marina Residences is another major milestone for Palm Jumeirah, said Marwan Al Qamzi, the Managing Director of Nakheel Development Projects.

Marina Residences feature six residential towers that are a mix of apartments and penthouses. The luxurious penthouses are designed over four storeys, offering about 14,000 square feet of living space. The development has several townhouses, located along the marina-fronted promenade.

The Palm Jumeirah is home to more than 12,000 residents at present with occupancy rates across villas and apartments on the Palm Jumeirah touching 60 to 75 percent.

The Shoreline apartments, Palm Jumeirah villas and Marina Residences are the Nakheel projects on 'The Palm'.

The Marina Residences, located at the tip of the Palm's trunk offers 940 apartments across six towers and penthouses, marina-fronted promenade and forty townhouses.

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