Singing Pig

Continuation from Part 1 : http://www.singingpig.co.uk/forums/1/223020/ShowThread.aspx

Marinas
At least two further large marinas will be built on The Palm Jumeirah, located
on either side of the trunk. Facilities will include an upland clubhouse on a
grand and luxurious scale for The Palm Jumeirah main yacht club, as well
as marina offices and a capitainerie.
Island Global Yachting (IGY) is the world’s leading marina company
with projects under management and developments worldwide. IGY is
designing, developing and managing marinas and mega-yacht facilities
to a 5-star hotel standard, previously unheard of in this sector.
Befitting the name, Marina Residences on The Palm Jumeirah offers
its residents panoramic marina and island views spanning the Arabian
Gulf and Dubai coastline. At the doorstep of each tower is one of
Dubai’s largest marinas, Anchor Marina, with berths for over 700
vessels and world-class facilities.
Access to the marina’s clubhouse and the finest marina leisure
facilities will allow residents to live the Riviera lifestyle providing
the ultimate waterfront lifestyle experience.

Panoramic
Located at the tip of The Trunk of The Palm Jumeirah, Marina Residences’
six towers rest on landscaped podiums. The towers rise to form a ‘v’ shape,
maximising the sea views outwards, while the architecture of the towers
echoes that of the region with arabesque forms and colouring. Featuring
exceptional unit layouts and balconies surrounded by calm, azure waters,
year-round sunshine and exceptional waterfront views, Marina Residences
offers high-rise living on The Palm Jumeirah, where an exclusive address
meets a central location.







Amenities
Outstanding amenities and services are available to residents of the
community. Technology features include high-speed Internet access and
‘future technology-ready’ features, and homes are cable TV-, telephone-
and entertainment system-ready. Safety is also top-of-mind, realised by a
state-of-the-art security system, high quality switches and outlets, CCTV
monitoring of public areas, and secure undercover car parking facilities.
For the health and well-being of residents, membership to an exclusive
club surrounded by landscaped gardens is also available, with facilities
including a gym, Jacuzzi, swimming pool and children’s pool and play
area. A concierge desk at the main entry of each building is ready to serve
the everyday needs of residents.

Finishes
Finishes, available in classic or contemporary styles, accentuate the
craftsmanship and thoughtfulness that go into each and every Marina
Residences apartment. From full body porcelain tiles, stainless steel
sinks and branded appliances to timber floors, stone vanity tops and
full height wall tiles, Marina Residences offers the choice and high
standards one would expect from a home on The Palm.

Unit A
3 Bedroom
Internal Area 342 sqm - 3685 sqft
Terrace Area 51 sqm - 548 sqft
Total Area 393 sqm - 4233 sqft

Unit C
2 Bedroom
Internal Area 148 sqm - 1593 sqft
Terrace Area 20 sqm - 215 sqft
Total Area 168 sqm - 1808 sqft

Unit D
2 Bedroom
Internal Area 153 sqm - 1647 sqft
Terrace Area 31 sqm - 334 sqft
Total Area 184 sqm - 1981 sqft
B B
D D

Unit B
3 Bedroom
Internal Area 196 sqm - 2110 sqft
Terrace Area 38 sqm - 409 sqft
Total Area 234 sqm - 2519 sqft

Destined to be a residential, tourism and boating
paradise, The Palm Jumeirah was launched in 2001. In only five years
since the first grain of sand was laid in the Arabian Gulf, Nakheel has
begun handing over properties to the island’s first residents.
Construction work for The Palm Monorail, which began in March 2006,
is scheduled for completion in December 2008. This will transport
2,000 to 3,000 people per hour on and off the island and will stop at four
main stations: on land at the Gateway Tower, the Trump International
Hotel and Tower, the luxury shopping centre, and will terminate at
The Crescent at Atlantis.
Progress Soil improvement on the Marina Residences site was completed in mid-
October 2006 with structural works commencing on the towers in
December 2006. The structural completion of towers is expected by
the end of 2007, with final finishing works projected for completion
in December 2008.
The preliminary master planning of the marinas was completed in October
2005. Each Marina on The Palm Jumeirah is currently undergoing the
Concept Design Review Phase. Nakheel Marinas and IGY work closely
with Dubai Municipality to ensure that cultural and environmental
considerations are satisfied.

Launch prices:
A type: 5.7-6.5 M dhs
B type: 3.3-4.1 M dhs
C type: 2.5 - 3.1 M dhs
D type: 2.3-2.7 M dhs

If you want to buy something before public launch or just need more info call Judy (+971 50 515 1065) or email Juidit.Kovacs@nakheel.com

Al Bawadi boards (part of DubaiLand) are now up and construction is starting: (Thanks to Imre Solt)

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Damac says demand continues to be strong

Dubai’s real estate market will not experience oversupply, the chief executive of Damac Properties has said. Analysts have been speculating the emirate’s property market will suffer a price correction in 2007.

A report published by Shuua Capital in January described the 71,800 units expected to be ready in Dubai this year as “staggering'” with a further 43,000 units to come on line in 2008.

The report said: “Demand is expected to fall significantly short of supply in both 2007 and 2008, unlike recent years.

“The segment to be most severely affected will be that of high-end apartment units targeting the high-income proportion of the population.” But Peter Riddoch, Damac CEO, does not believe this will happen.

“There’s certainly been a focus towards the upper luxury end, but the demand for that continues to be strong,” he said.

“The Dubai Shopping Festival was a tremendous success for us and many of the properties sold were highend luxury apartments.

“Demand is there. I don’t believe there will be any sort of oversupply.

“There was talk of this and a number of months ago I even said it might happen should all the developments in the pipeline came on stream before the end of this year. But it’s quite obvious that many of them are not going to make it,” said Riddoch.

“We will deliver Lake Terrace and Lake View at Jumeirah Lake Towers before the end of the year.” Riddoch was speaking at the launch of Damac’s latest project, Lakeside, which will comprise four 21-storey towers, each housing 280 studio or one-bedroom apartments, with prices starting from Dh319,000.

Riddoch said: “We are not moving away from the luxury end of the market.

Lakeside offers tennis courts, swimming pools and saunas.

“It’s very important we address the full range of customers that we can have.” Riddoch said almost 400,000 people migrated to Dubai last year and predicted more substantial population growth in 2007.

“There’s not enough accommodation to go around. The demand-supply equation will still show stronger demand than supply for many years to come.

“A substantial proportion of this has to be aimed at the lower middle market and below.”