Nakheel expands Palm Jumeirah portfolio with launch of Azure Residences

Azure Residences - launched two weeks after Nakheel's sell-out Club Vista Mare project, also on The Palm - will include 170 one and two bedroom apartments with private terraces and panoramic views of the water and the Dubai skyline. There will also be nine restaurants, including the Breakwater signature restaurant with 360 degree water and city views.

Construction of Azure Residences is anticipated to begin mid-2013 and completed within two years. The project, to be built on the eastern shoreline at the base of the Palm's trunk, will have its own sea facing infinity pool, a rooftop gym, 266 car parking spaces and mooring facilities for water taxis.

The 170 apartments at Azure Residences will be spread over 10 floors, with 140 one bedroom and 30 two bedroom units, all with an equipped kitchen and private terrace. Prices start at Dhs2.3m for the one-bed option and from Dhs4.2m for the two-bed. All two bedroom units come with a maid's room.

Azure Residences has been designed to maximise energy-efficiency and cost-effectiveness, with individual air conditioning systems that residents pay for directly as part of their utility bills, meaning lower monthly running costs.

Nakheel is seeing a growing demand for properties on Palm Jumeirah, and Azure Residences brings yet more diversity to its portfolio of developments on the world-famous island.