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Nakheel Launches Two New Premium Residential Projects in Dubai

Nakheel Launches Two New Premium Residential Projects in Dubai

Nakheel’s current residential leasing portfolio comprises almost 17,000 units at across Dubai.

Dubai Developer Nakheel announced today the launch of two new residential projects in Dubai at Cityscape 2014, including a three-tower residential complex at the Palm Jumeirah. 

Located at the entrance to Palm Jumeirah, the Palm Gateway is a three-tower waterfront leisure complex with more than 1,300 homes, a beach club, retail, dining and health and fitness facilities, a statement said.

The 5.5 million sq ft project will comprise of three individually- designed high-rise residential buildings – the tallest topping 260 metres – with one, two and three bedroom apartments, available for lease.

According to the statement, the towers will be constructed on the existing Palm Monorail Gateway terminal, the roof of which will be transformed into a 15th floor podium with infinity pool, shops and sports facilities.

The Monorail is linked to the Dubai Tram and the Dubai Metro, and allows residents and visitors to travel to and from the Palm Jumeirah.

Unveiling the project, Nakheel Chairman Ali Rashid Lootah, said: “The project combines luxury beachfront living, exciting shopping, dining and entertainment…and has…convenient transport links for travel within the surrounding areas and across Dubai.”

The second project, named the Jumeirah Heights Fronds, is a lakeside residential complex of more than 1,400 apartments and villas at the northern edge of its high-end Jumeirah Islands community in Dubai.

The 900,000 sq feet project, which will be constructed on two plots of land, will consist of four towers – two on each frond – each containing 343 apartments ranging from one to four bedrooms, as well as 34 three-bedroom villas, with leasing opportunities available, a statement said.

The site is also the location for Nakheel’s Jumeirah Islands park, recreation and retail centre, a new waterfront leisure and dining hub for residents of Jumeirah Islands and surrounding areas, as well as a gated community of 84 townhouses.

“Jumeirah Islands is already one of our most popular, high-end developments, and we expect the new frond development to be just as much in demand,” he said.

 

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