Nakheel hammers the competition with major auction

Inspired by the elements of Fire, Earth, Water and Wind, Jumeirah Golf Estates draws on the remarkable talents of some of the game's most famous names - among them, the legendary 'Great White Shark', Greg Norman. Jumeirah Golf Estates will offer homeowners the rare opportunity to live in a community that has been carefully planned to meet the needs of the modern family, featuring a variety of housing opportunities, world-class amenities and premier services. Beautifully landscaped, the estates will feature abundant parkland, nature strips, lakes and ponds - surrounded by some of the world's most scenic golf courses.

Unsurprisingly, Nakheel has been inundated with expressions of interest from major developers across the globe; therefore, an innovative and pioneering concept has been devised in order to meet demand. In the interests of transparency and fairness, a leading and reputable professional auctioneer will be invited by Nakheel to host the event set to take place on November 29th and believed to be the first of its kind anywhere in Dubai.

Sultan Ahmed Bin Sulayem, Executive Chairman, Nakheel, said: "Demand for development plots at Jumeirah Golf Estates has been simply tremendous. We have received letters of interest from all over the world, including major developers from America, India, Russia, the UK, Ireland, and Australia.

"The uniqueness of the development deserves a unique selling method; therefore, we have devised a pioneering event worthy of Nakheel's first residential and golfing community. Nakheel will invite several pre-qualified sub-developers to the auction to ensure that a truly phenomenal development is created, with a selection of homes to accommodate all tastes and requirements. These hand-selected 'Partners' will align themselves with the vision of Nakheel to help deliver the highest level of residences to owners at Jumeirah Golf Estates."

Jumeirah Golf Estates will officially launch at Cityscape 2005, held at the Dubai World Trade Centre from September 17-19. Potential investors interested in attending the auction can officially register at the Nakheel stand or online at www.jumeirahgolfestates.com. After registration applicants must then send off a pre-qualified document to Nakheel by October 19th - successful applicants will then be invited to attend the auction.

The auction relations to Phase A of Jumeirah Golf Estates, which occupies approximately 375 hectares of the northern section of the total 1,119 land parcel and includes the first two golf courses, Fire and Earth, both designed by golfing legend Greg Norman. Phase A will incorporate 10 planned residential communities, comprising more than 1,000 individual properties, each set in beautifully landscaped surroundings with estates ranging from 6,000 to 12000 square feet. 75% of all properties will have absolute golf course frontage, with the balance facing lakes, nature strips and parks.

Ms. Dina Al Jaflah, General Manager, Jumeirah Golf Estates, said: "We have spent more than a year developing a bold and exciting concept with meticulous planning, comprehensive research, and a passion for protecting the environment. No stone has been left unturned.

"Aside from the overwhelming demand for genuinely world-class courses in Dubai, there is a strong market for properties within residential golf developments and this is rapidly increasing. This trend follows global patterns where consumers want to live in a community that is not only secure but also provides world-class amenities and encourages indigenous flora and fauna. Perhaps more importantly, properties within golf course communities have proved to be very sound investments in all parts of the world - it is no surprise that demand in Jumeirah Golf Estates has been overwhelming."