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Dubai … Master developer Nakheel today released the last remaining apartments at The Palm Tower, its 52-storey landmark development on the world-famous Palm Jumeirah.
With nearly 70 per cent of The Palm Tower Residences already sold, the remaining stock is now available with new and exclusive deals announced today at a Nakheel virtual meeting attended by hundreds of real estate brokers.
Prices start from AED1.7 million, with the first five years’ service charges and all DLD fees included.
Aqil Kazim, Nakheel Chief Commercial Officer, said: “We thank our partners for their continued support during the challenges caused by the pandemic. Despite the circumstances, we achieved AED2.2 billion worth of property sales last year, with 2021 also off to a strong start. We truly value our broker partnerships and look forward to further collaboration and success this year and beyond.”
The launch of the last remaining apartments comes just days after Nakheel announced that The Palm Tower is 95 per cent complete.
Located at the heart of the award-winning Palm Jumeirah, the 240 metre Palm Tower offers stunning, uninterrupted sea, island and city views – and the ultimate in high rise living, leisure and hospitality.
The tower comprises 432 luxury, fully furnished residences, a 290-room St. Regis hotel and a three-storey, rooftop dining and leisure destination including The View observation deck. The View will be the first component of the tower to go live when it opens to the public later this month.
The Palm Tower has its own onsite Palm Monorail station and is directly connected to Nakheel Mall, with Al Ittihad Park and the island’s diverse range of leisure attractions on the doorstep. The studios and one, two and three bedroom apartments occupy levels 19 to 47 of the building. The St. Regis Dubai, The Palm, opening this summer, is on the first 18 floors.
The Palm Tower Residences’ latest launch is backed by a new marketing campaign – with the slogan ‘where the island meets the sky’ – aimed at local and international investors.
For more information on the limited number of Palm Tower units remaining, go to www.nakheel.com , call +971 4 390 3333 or visit the Nakheel Sales Centre.
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Media contact: Rebecca Rees on +971 4 375 9702 or Rebecca.rees@nakheel.com
About Nakheel ( www.nakheel.com )
Dubai-based Nakheel is a world-leading master developer whose innovative, landmark projects form an iconic portfolio of master communities and residential, retail, hospitality and leisure developments that are pivotal to realising Dubai’s vision. Nakheel’s waterfront projects, including the world-famous, award-winning Palm Jumeirah, have added more than 300 kilometres to Dubai’s original, 70km coastline, paving the way for the development of hundreds of seafront homes, resorts, hotels and attractions.
Nakheel’s master developments span 15,000 hectares, accommodate nearly 300,000 people and provide a growing range of destinations, attractions and facilities for Dubai’s citizens, residents and tourists. They include Palm Jumeirah, The World, Jumeirah Islands, Jumeirah Park, Jumeirah Village, Al Furjan, The Gardens, Discovery Gardens, Jebel Ali Village, Dragon City, Nad Al Sheba Villas, Warsan Village, International City and the upcoming Deira Islands – a new destination for tourism, living and leisure at Dubai’s oldest, most traditional trading hub.
Nakheel Malls owns and operates a diverse range of world-class retail experiences with a distinct portfolio of iconic lifestyle, shopping, dining and entertainment destinations across Dubai. Palm Jumeirah is home to The Pointe, featuring the world’s largest fountain, The Palm Fountain, as well as Nakheel Mall, Golden Mile Galleria, Club Vista Mare, The Palm Monorail, Palm West Beach, and the upcoming observation deck, The View. Nakheel Malls’ expanding portfolio also includes distinguished, large-scale shopping centres such as Ibn Battuta Mall and Dragon Mart, as well as retail Pavilions at six Nakheel residential communities. Upcoming projects include Souk Warsan, Al Khail Avenue and The Circle Mall.
Nakheel Hospitality’s project portfolio comprises a diverse range of hotels and resorts, including five star, luxury establishments, family-friendly resorts and stylish, modern hotels. Premier Inn Ibn Battuta Mall, Avani Ibn Battuta, ibis Styles Dragon Mart, Premier Inn Dragon Mart and the Riu Dubai – the first project to be completed at Deira Islands and the first of two international joint ventures under which Nakheel is bringing new hospitality concepts to Dubai in line with the government’s tourism vision – are open. The St. Regis Dubai – The Palm, part of Nakheel’s Palm Tower landmark mixed-use project at the heart of Palm Jumeirah, and Nakheel’s second joint venture, the Centara Mirage Beach Resort Dubai, are scheduled to open in 2021. Nakheel Hospitality’s project collection also includes a range of community clubs and restaurants across Dubai.
Nakheel Residential Leasing’s portfolio currently comprises 17,000 villas and apartments at The Gardens, Discovery Gardens, Jebel Ali Village, Al Furjan, Nad Al Sheba Villas, Palm Jumeirah, Badrah, Veneto and International City.
© Press Release 2021
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