Dubai - Nakheel, one of Dubai's premier real estate developer, has revealed that the creation of The Palm, Deira is progressing at pace with a staggering 50 million cubic metres of sand already reclaimed - more than 55 per cent of the total material used to create The Palm, Jumeirah.
Following a series of exhaustive engineering studies, Nakheel, working with internationally renowned architects and engineers from Japan and California has completed The Palm, Deira Masterplan. The development of the third and last chapter in The Palm trilogy will result in the creation of a remarkable island city at the historic heart of Dubai.
Sultan Ahmed bin Sulayem, Executive Chairman, Nakheel, said: "With the development of The Palm, Deira we are transforming Dubai's coast into a landmark city. A city that rivals the size of waterfront urban centres the likes of Venice, Amsterdam and Boston and with a population density remarkably similar to another great city at the water's edge: San Francisco. The Palm Deira will create a significant uplift in the values of Deira by unlocking access to waterfront communities, to be developed on The Palm, Deira." The projected population of The Palm, Deira will be approximately 500,000, who will live in a range of diverse and cosmopolitan communities. Like any great city, The Palm, Deira is comprised of a number of significant districts providing a range of opportunities from a wide spectrum of housing types, costs, and locations.
Marwan Al Qamzi, Head of Procurement and Contracts, Nakheel, said: "The progress of land reclamation is remarkable. We have already placed 50 million cubic metres of sand, more than half the total material used to create the land mass of The Palm, Jumeirah We expect to connect the reclaimed land to the Dubai shoreline shortly.''
''This really is a monumental development and one that will be a true feat of engineering."
Sultan Ahmed Bin Sulayem stated that The Palm, Deira's connectivity with Deira is a fundamental element of the project.
Dubai was founded around the creek and Deira and as such the islands development will reinforce the importance of this area.
"The Palm, Deira will be a city unto itself but will also function as an extension of the existing Deira, our great city's most loved section, its historic centre. As a compliment to Deira, it will greatly expand its close-in urban neighborhoods and enhance its existing commercial centre by placing homes near its workplaces, services and retail.
Parks, marinas, hotels and civic facilities will expand the city's attractions, while its new office park will add to Dubai's international reputation as a financial and trade centre.
Areas on The Palm, Deira such as The Trunk and The Palm, Deira Corniche offer a wealth of opportunities for developers. We will be announcing these opportunities in due course," said Bin Sulayem.
"Upon The Palm, Deira's completion, the final chapter of an extraordinary trilogy will be realised and this element of the vision of Shaikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister, will be achieved."
© Khaleej Times 2005
