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Nakheel plans new residential project on Palm Jumeirah

Dubai-based developer Nakheel plans to build a new 192-unit residential project on one of its man-made palm-shaped islands, relying on unit sales and internal resources to fund the construction, Reuters has reported. "We will look at sales and also have our own resources," Nakheel chairman, Ali Rashid Lootah said of funding, after launching the new project. The Palm Views will consist of two buildings on the Palm Jumeirah, with each unit priced at Dhs1m ($272,300).