The handover of units is expected to take place at the end of 2008.
Ground work commenced on Marina Residences' six towers, located at the tip of The Palm Jumeirah's trunk, in September 2006. With foundation works completed, the six structures have emerged out of the ground and mechanical, electrical and plumbing works in each tower have commenced.
Once complete, the development will boast 940 two and three bedroom apartments and penthouses and a further 40 townhouses. Residents will be able to enjoy panoramic views of the Arabian coast and access to a wealth of attractions and facilities on The Palm Jumeirah, such as the QE2, Atlantis, the luxury marinas and the purpose-built theatre for Cirque Du Soleil.
Johann Schumacher, Managing Director, The Palm Jumeirah, said: 'We are delighted with the progress made on Marina Residences having only commenced work on the development in late 2006. Since its launch in 2001, demand for property on The Palm Jumeirah has been exceptional and Marina Residences has been no different. More than 50% of the project is now sold and we are looking forward to future sales.'
The Palm Jumeirah's Marina Residences at 20% completion
Nakheel, one of the world's largest real-estate developers, has announced that the Marina Residences development on The Palm Jumeirah is now 20% complete.
- United Arab Emirates: Monday, October 01 - 2007 at 14:22
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- All information provided is correct at time of printing/release.- As masterplans for projects have the flexibility to evolve, facts and specific statistics may change in the future. Please ensure you contact us on a regular basis on nakheel@fourcommunications.com for regular updates or visit the online Nakheel Media Centre at www.nakheelmediacentre.com.
-All rendered images are conceptual.
About Nakheel
Nakheel is one of the world's largest privately held real estate developers, and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for business and tourism.
Nakheel currently has a portfolio of developments, across a range of sectors, including The Palm trilogy, The World, Waterfront, Jumeirah Islands, Jumeirah Park, Jumeirah Heights and Ibn Battuta Mall. Spreading across 2 billion sq ft of land, Nakheel's projects aim to redefine the concept of property development whether residential, tourist, commercial or retail.
For more information please contact:
Four Communications
Tel: +971 (0)4 362 5129/
+44 (0) 870 444 4568
Nakheel
Aaron Richardson, Media Relations Manager on +971 4 390 6946 / +971 (0)50 553 8201
Posted by Medilyn Manibo, Assistant News EditorMonday, October 01 - 2007 at 14:22 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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