nakheel targets \young and trendy\ for palm project
Last Updated : GMT 20:41:34
Arab Today, arab today
Arab Today, arab today

Nakheel targets \'young and trendy\' for Palm project

Arab Today, arab today

Arab Today, arab today Nakheel targets \'young and trendy\' for Palm project

Dubai - Arabstoday

Nakheel Properties, the Dubai developer bailed out by the government in 2009, will start selling 500 sq feet studio apartments on the Palm Jumeirah, its second residential project since the real estate market crashed in 2008, its chairman said. Palm Views East and West, which will feature 192 pied-à-terre style studios priced at AED1m (US$272,250), went on sale Sunday, said Ali Rashid Lootah. “It is targeted at the young and trendy population of Dubai. We have seen there is demand for young people who want to be living on the Palm [Jumeirah] and sharing accommodation so we are bringing a unique product that brings privacy for….those that want to live on the Palm,” he told reporters at a press conference Sunday. Construction for the project, which will be split into two buildings either side of the marina on the luxury development, is slated to begin at the end of the year with completion due by the end of the first quarter of 2014. The ground floor will feature a fitness club and a selection of retail and food outlets. Financing for the project, the value of which is not yet known, has been secured, said Lootah. Palm Views is Nakheel’s second residential project on its luxury palm-shaped island since it restructured US$16bn of debt. The developer launched The Palma Residence, which features 102 townhouses on the island, in February. Nakheel, Dubai’s biggest developer by assets, was hit hard by the global economic downturn, which saw property prices in the emirate decline by more than 65 percent from their 2008-peak. The slump forced Nakheel to write down the value of its real estate by US$21bn and prompted the bailout. Nakheel last month said 2011 profit reached AED1.3bn (US$353.93m), up from AED1bn in 2010. The firm also said it would likely issue a third tranche of its sukuk – Islamic bond – in two months time.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nakheel targets \young and trendy\ for palm project nakheel targets \young and trendy\ for palm project

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nakheel targets \young and trendy\ for palm project nakheel targets \young and trendy\ for palm project

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday