What's happening now in
With a number of new developments now well underway the Palm Jumeirah is truly back in business. In April 2012 Nakheel announced their first new major development since completing a huge restructuring process, 18 months down the line and 90 luxury Townhouses are 4 months away from handover. Following closely is the long awaited Palm Views a sold out development of 200 full sea view luxury studios, perfect for the investor. Azure Residences was the 3rd announcement with another 170 luxury 1 and 2 bedroom apartments at the base of the palm. As far as Nakheel is concerned this is just the beginning with major retail outlets and malls to follow, the dream that the Palm Jumeirah once was is fast becoming reality.
OTHER AREA PROPERTY NEWS • Theme Park plans cancelled • Emaar Properties and Dubai United Properties, the master developer behind Dubai's Motor City has confirmed it will not be going ahead with the planned F1-branded theme park. However they have revealed proposals for a new mixed use redevelopment at the site in Dubailand, with a replica of the famous -Champs-Élysées area of Paris among the new designs launched at the Cityscape exhibition. Dubai’s next mega project. w
Holding have recently signed a deal to develop The Lagoons, a 6 million square metre master planned city, located within Mohammed Bin Rashid (MBR) City, near Dubai Creek. The new project will include the Dubai Twin Towers, “a mixed-use iconic development”, as well as a central business district, luxury hotels, schools, healthcare facilities, the two companies said in a statement on Monday. r
Forest Property News Palm Jumeirah Dubai, UAE Real Estate January 2013