Nakheel to conduct GCC Road Show to promote The Palm, Deira

Travel News Asia 30 November 2004

Nakheel, one of the Middle East's premier property developers behind some of the most iconic projects in Dubai is showcasing its latest project - The Palm, Deira to investors and individual buyers across the Gulf Co-operation Council (GCC) Countries. Investment options in The Palm, Deira will be showcased in a road show, which will take the final episode of The Palm Trilogy to Bahrain, Qatar, Kuwait and to Jeddah, Dammam and Riyadh in Saudi Arabia and Oman.

Commenting on the road show, Sultan Ahmed Bin Sulayem, Executive Chairman, Nakheel, said: "The Palm, Deira, the third and the largest offering in the world-renowned The Palm developments had generated considerable amount of interest from all around the GCC countries during the sale of properties on the project in Dubai. This has prompted us to take The Palm, Deira to the GCC countries in a bid to showcase the attractive investment options in the project to GCC investors."

"In addition, Nakheel is also planning to dedicate exclusive days for women in some of the GCC countries to showcase the properties on The Palm, Deira offering, them a chance to peruse and purchase them in a private and comfortable atmosphere," he added.

Bin Sulayem continued: "The Palm, Deira culminates the spectacular The Palm series, which had a clear and successful run, since its launch in 2001. The project was envisaged after realising that investors were craving for opportunities to make their investment in Dubai and its vibrant real estate and property development market. We have been inundated with requests from all over the world, from investor keen to buy properties of Nakheel, due to the value proposition, in terms of exclusivity and uniqueness that each of our projects offer. The Palm, Deira, with its hallmark magnitude and the lavish amenities on offer will certainly be attractive for the investors."

The Palm, Deira was launched in November 2004, as decreed by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister. The first phase of the project, which is being developed in Deira Dubai between Hamriya Port and Dubai Creek is already underway involving the reclamation of land by using some of the most advanced civil engineering techniques ever devised. On completion, the development will measure 14 kilometres in length from and 8.5 kilometres in width and will cover an area close to a staggering 80 square kilometres, roughly equalling Greater London and bigger than Paris and Manhattan.

The project will house 8000 villas in 41 fronds apart from essential amenities like shopping malls, sports facilities, clubs, public services and other luxury developments. The villas will be constructed in three different styles, comprising Premier Villas, Grand Villas and Vista Town Homes, which is available to the investor on a full free hold basis. Investors will be free to choose from a range of architectural themes at a later stage. Each of the residential units in The Palm, Deira is further complemented by the option of having exclusive access to private and public beaches and other luxury recreational amenities including private pools, upscale shopping malls, dining outlets and marinas.

"Over the last decade we have been detecting encouraging signs from investors around the Middle East, who are now confidently channelling money into the mission critical infrastructure needs for the development of the region. This has helped the buoying of the regional property markets, lead by GCC countries that offer the greatest transparency, quality assurance and value for money," said Bin Sulayem. "The road show, while showcasing the uniqueness of The Palm, Deira to the investors will, at the same time increase the profile of Dubai as the most favourable destination for real estate related investment in the region."

See other recent news from: Nakheel

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