Cityscape: Nakheel to launch Palm Jumeirah beachfront project
Palm Beach Residences among $1bn worth of projects being launched at Dubai show by developer
Nakheel, the Dubai-based property developer, has said that it will launch its latest high-rise beachfront residential project on Palm Jumeirah at this year’s Cityscape Global in Dubai.
At a height of 180 metres, the Palm Beach Residences will feature 250 top-end one, two and three bedroom apartments, topped off by a 38th floor sky lounge which will have views of the Arabian Gulf and Dubai skyline. The development will also include a pool, gym, tennis courts, a clubhouse, retail and dining facilities.
Construction of the project is expected to begin in the second quarter of 2018, the developer added.
Located on the eastern side of the Palm Jumeirah’s trunk, the project is the latest in a range of existing and upcoming Nakheel retail and leisure developments on the manmade island. These include the Golden Mile Galleria, Club Vista Mare, Al Ittihad Park, Nakheel Mall, The Palm Tower, Palm West Beach and The Pointe.
Nakheel plans to launch a range of real estate projects at Cityscape Global 2017, with new developments collectively worth $1.08 billion.
In addition to the above projects, the developer will also announce a residential, mall, hotel and health complex at Discovery Gardens; a collection of homes and leisure attractions at Jumeirah Park; a new hotel at Jumeirah Village Circle; and six marinas for a total of 614 boats and yachts at Deira Islands.
“Nakheel is playing a pivotal role in realising the Government of Dubai’s vision by creating new, iconic developments across the city,” said Ali Rashid Lootah, chairman of Nakheel.
“As a foundation partner of Cityscape Global with AED50 billion worth of projects already under way, we are proud to unveil another unique range of projects that will reinforce Dubai as a world-leading location for living, leisure, business and tourism.
“We will highlight how Nakheel continues to deliver and diversify through distinctive developments that provide unrivalled opportunities for investors to be part of our city’s exciting real estate scene,” he continued.
