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Rheem Island properties on sale
- United Arab Emirates: Tuesday, February 14 - 2006 at 07:05
Foreigners have booked sales on 99-year lease terms for 196 apartments in the first phase of the Pearl of the Emirates development on Reem Island in Abu Dhabi, according to Gulf News. The $545m first phase includes 15 towers and a five-star hotel. About 70% of one two and three-bedroom duplex apartments in one of the towers were sold from between $517,000 and $626,000. The first tower is expected to be ready by August 2008.
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James McInerney, News EditorTuesday, February 14 - 2006 at 07:05 UAE local time (GMT+4)
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