Nakheel to reveal plans for new era of waterfront development at TDIM 2008

Notes and media contacts

Project updates:

The first residents began moving into The Palm Jumeirah at the end of 2006 and now more than 1,500 homes have been handed over. The Palm Jumeirah's villas and apartments sold out within days of launch and now yield average premiums of 70-120%. Over the next three to four years, Nakheel will transform The Palm Jumeirah into one of the world's premier resorts with an average of 25,000 hotel guests and 20,000 visitors a day. There will be 30 five star hotels including Atlantis and Trump Tower, luxury marinas, and a purpose built theatre for Cirque du Soleil. The QE2 will also be located off The Palm Jumeirah.

The Palm Jebel Ali which will add a further 100 kilometres of coastline to Dubai is progressing at a rapid pace. Reclamation on the project began in October 2002 and reclamation of land from the original masterplan is now 100% complete. Reclamation of additions to the original master plan, including the lengthening of fronds and widening of the spine is underway. Primary breakwater construction work was completed in December 2006 by leading engineering company, Jan de Nul, and infrastructure work commenced in April 2007 with the construction of six bridges by Samsung which will connect to the mainland.

At the opposite end of Dubai, The Palm Deira - the newest and largest of the Palm developments - is also progressing well, and in terms of reclaimed land is already bigger than The Palm Jumeirah. Reclamation of the entire project is on schedule to be completed by 2013. The Palm Deira will add 226 kilometres of coastline and will be 4,635 hectares in size. Eighty per cent of The Palm Deira is expected to be for residential purposes. This new 'city' will include a wide variety of facilities, amenities and public services, from schools to hospitals, places of worship to recreational facilities, shopping malls to sports amenities for use by up to one million people.

Based four kilometres offshore from Dubai in the Arabian Gulf, one of Nakheel's most iconic projects, The World, is also progressing at a rapid pace. Land reclamation has now been fully completed and more than half of the total islands available for sale have been sold. Last year saw a huge demand from investors; with almost 50 islands sold. Measuring approximately 9 kilometres in width by 7 kilometres in length, the development covers approximately 931 hectares and adds an additional 232 kilometres of beachfront to Dubai's coastline. Cost of islands vary depending on size and location, and are currently between $15-$50m.

- 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.

- 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 living, business, and tourism.

Nakheel is developing an iconic portfolio of innovative landmark projects in Dubai across a range of sectors - residential, commercial, retail, and leisure. Nakheel's developments spread across more than two billion sq ft of land, and its projects are projected to be worth $60bn. Upon completion Nakheel's waterfront projects will have added more than 1000km of shoreline to Dubai's coastline.

Nakheel's portfolio currently includes The Palm Jumeirah, The Palm Jebel Ali, The Palm Deira, The World, Waterfront, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Ibn Battuta Mall, Al Furjan, International City, Dragon Mart Complex, Dubai Promenade, and Dubai Design Centre.

Nakheel is a key entity within Dubai World. Dubai World is one of the world's largest holding companies and supervises a portfolio of businesses and projects for the Dubai government across five continents and more than 100 countries.

For more information please contact:

Four Communications
Tel: +971 (0)4 362 5129 / +44 (0) 870 444 4568

Nakheel

Aaron Richardson, Media Relations Manager
+971 4 368 6946 / +971 (0)50 553 8201

Nashwa Zakaria, Senior Media Relations Manager