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Old September 6th, 2006, 01:09 PM   #1
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#PROJECT: JUMEIRAH PARK (previously known as JV North)

Nakheel launches Jumeirah Park

Nakheel, the UAE's leading real estate developer, has launched the fourth member of its Jumeirah family: Jumeriah Park.


Jumeirah Park.

The development joins Nakheel's current portfolio of Jumeirah communities - Jumeirah Islands, Jumeirah Village, and Jumeirah Golf Estates.

Centrally located within 'new Dubai', between Sheikh Zayed Road Interchange 5 and 6, Jumeirah Park is a secure, integrated and family orientated residential community spreading over 370 hectares. The community comprises more than 2,000 three, four and five-bedroom villas combined with expansive parks, eco-friendly green spaces and family orientated amenities. Villas are designed to meet the needs of the modern family, with an emphasis on open plan living, and include private terraces and gardens, private spacious double garages, and individual temperature controlled swimming pools for four and five bedroom villas, which will also be available for purchase with three bedroom villas. Villas range in size from 3595 sq ft to 5509 sq ft, and prices will start from AED 2.4 million. Construction is due to begin early 2007, and the project is scheduled for completion in 2009.

A fully integrated community, facilities within Jumeirah Park include a childrens' day care centre, childrens' play area, and kindergarten through to secondary school. At the heart of the development will be a community centre, featuring a department store, bank, post office, pharmacy and cafes, as well as a shopping centre including a variety of restaurants. In addition to on-site security, there will be police and fire stations within the development, and a clinic and a hospital within a few minutes drive. There will also be a Jumaa Masjid and a number of local masjids.

True to the development's park theme, there is a strong emphasis on outdoor lifestyle. There will be jogging, walking and cycling trails as well as outdoor exercise areas, a gym, and the community clubhouse will feature tennis courts for the exclusive use of residents. The development will also include a number of eco-friendly features including hi-tech waste recycling facilities, and environmentally friendly building methods, including insulated building materials.

Chris O'Donnell, Nakheel Chief Executive, said: 'Each of the Jumeirah family is distinctive in identity, but what unites these developments is the combination of premier location with quality living, and Jumeirah Park is no exception. It is a project that is faithful to Nakheel's core values - bold, innovative and with close attention to quality of detail. Jumeirah Park will be the perfect community for families looking to enjoy an integrated community at the heart of Dubai's most desirable district.'

Yousuf Kazim, Senior General Manager Jumeirah Islands, Jumeirah Village & Jumeirah Park, said: 'There is currently strong demand in Dubai for high-end villas situated within a family-friendly community. Jumeirah Park is a key part of meeting that demand; the villas themselves are spacious, with a flexible open plan design ensuring that residents can adapt their home to meet their family's needs, while its excellent location means attractions such as Ibn Battuta Mall, The Palm Jumeirah, and Burj Al Arab are a short drive away. This, combined with the wealth of on-site facilities and green open spaces, means that Jumeirah Park is set to become one of Dubai's leading residential communities.'

Sales for the development were launched today at the Nakheel Sales Centre, located on Al Sufouh Road, at the foot of The Palm Jumeirah. In addition to this, Chris O'Donnell, Nakheel Chief Executive, today officially launched a new Nakheel Sales Centre located in the China Court of Ibn Battuta Mall. Open 7 days-a-week from 10:00 - 22:00, the new centre provides current and potential customers a convenient alternative for purchasing Nakheel properties, and an easily accessible information point for receiving the latest updates on Nakheel's projects.
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Old September 6th, 2006, 02:44 PM   #2
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yeah that...pics soon.

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Old September 6th, 2006, 02:47 PM   #3
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http://www.jumeirahpark.com/



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Last edited by THE DUBAI GUYS; September 6th, 2006 at 02:57 PM.
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Old September 6th, 2006, 03:31 PM   #4
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well some kinda Ranches or Springs.

quite nice, what would u expect... i guess this was part of the old Jumeirah Village at first, remember they cancelled a lot of villas.

looks pretty good, location right next to the arabian canal.

that first image of the website is awesome..
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Old September 6th, 2006, 03:42 PM   #5
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So this is just half of jumeirah village relaunched then? Masterplan looks better than the old
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Old September 6th, 2006, 03:56 PM   #6
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more or less.

the video is quite nice, should be a good development, well, similar to Springs Meadows etc.

this will be the real Dubai suburb
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Old September 6th, 2006, 04:01 PM   #7
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the project has "trouble" written all over it...
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Old September 6th, 2006, 05:55 PM   #8
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As far as i am concerned, Nakheel is a DEFINITE NO NO! They are not as organized as Emaar and they definitely don't have proper PLANNING. I think they need to concentrate on completing their current projects instead of taking on new ones! Somehow, the JV project's fate seems to be imminent for this one.
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Old September 6th, 2006, 11:40 PM   #9
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i agree nakheel is - at the moment - nowwhere comparable to Emaar, but as i said before, after the company has been restructured, things are organized much better.

Palm Jumeirah will turn out great and - btw - Jlt is no longer a Nakheel project.

Quote:
Originally Posted by Krazy
the project has "trouble" written all over it...
c'mon what is so bad about it right now..
and don't talk to me about Jumeirah Islands, i have spoken to someone who rents a villa there and he absolutely loves it, the only thing which really bothers him is that there are no shops close by, e.g the missing village centre.
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Old September 7th, 2006, 03:30 AM   #10
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Nakheel's history is what makes it "so bad". You spoke to one JI owner? What about the many JI owners that have regular been covered by news reports about poor quality and long delays in JI? Surely they are not lying. PJ will turn out "great" but when? PD is what sets Nakheel's "standard" in reputation... and let's not even get started on Jumeirah Village and the amount of money people have lost investing in it.
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Old September 7th, 2006, 04:27 AM   #11
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We were one of the investors of JI. We were given an absolutely fantastic townhome location, but thanks to restructuring, we lost out on the location. Fortunately, they gave us an option of refunding our money or reinvesting it in another Nakheel project. We did the smart thing and asked for a refund. I am NEVER investing in Nakheel again. Emaar is where its all at, and i wouldn't think twice before investing with them again.

The problem with Nakheel is that they always announce these "gazillion villas" projects which look like some mass housing system! Look at Emaar's Arabian Ranches; that really shows beautiful a project can be. I agree that the Meadows and the Springs aren't Emaar's best but they have certainly improved over time. Personally, i would rather invest in commercial-residential hubs such as Burj Dubai over an over again, because that is one place that will always give you more value for the buck!
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Old September 7th, 2006, 04:32 AM   #12
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My feelings exactly. Springs and Meadows can be forgiven (although Meadows is still the best villa development in Dubai along with Emirates Hills) coz these were one of the first freehold developments in Dubai.. Emaar has come a long way since then and has a very bright future indeed. Dubai Marina and Burj Dubai downtown are world class projects - something Nakheel will never be able to match.

BTW flo, there's a lot more missing that was intially promised in JI than just the village centre
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Old September 7th, 2006, 09:46 AM   #13
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The Golf course, yes.

But it i still can't see the "many" JI owners, who complaint, we had this one horrible report in GN, of course it came over and over again, and the flooding report, well that is something not only Nakheel suffered from ...

I do prefer Emaar, hell, of course there is no comparison.

But i just can't understand why the first thing u say when this project here is announced is that it "has written trouble all over it"
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Old September 7th, 2006, 10:49 AM   #14
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My personal opinion - The 3 master developers of Dubai should immediately stop announcing any more new projects indefinitely... until a)Urgent priority is given to projects that have exceeded their expected completion dates, b)An acceptable compensation law comes into place to deter other lamearse companies who deliberately under-quote completion dates and c)Investor confidence is back up to reasonable levels again.
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Old September 7th, 2006, 01:38 PM   #15
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Buyers camp out for 12 hours as Nakheel hails excellent first day sales of Jumeirah Park

Nakheel, the UAE's leading real estate developer, achieved excellent first day sales for its newly launched Jumeirah Park project, with all released properties sold out.


More than 400 people waiting for Jumeirah Park sales to launch at Nakheel Sales Centre.

A 370 hectare family orientated residential community located in the heart of new Dubai, villas at Jumeriah Park went on sale yesterday at the Nakheel Sales Centre, as well as the new Nakheel Sales Centre located in China Court at Ibn Battuta Mall, which was officially launched by Nakheel Chief Executive, Chris O'Donnell, and Senior General Manager, Yousuf Kazim. Queues started forming 12 hours before sales had opened, and by opening time the queue was more than 400 strong at the Nakheel Sales Centre, with a further 100 buyers at Nakheel's new Sales Centre at Ibn Battuta Mall. More than 900 properties were purchased on the day.

The community comprises more than 2,000 three, four and five-bedroom villas combined with expansive parks, eco-friendly green spaces and family orientated amenities. With villa prices starting at AED2.4million, buyers were able to take advantage of the services of four different home finance service providers to purchase their property. Mortgages were available to buyers from Amlak, Barclays, HSBC, Tamweel, and who can offer mortgages of up to 97%.

Yousuf Kazim, Senior General Manager Jumeirah Islands, Jumeirah Village & Jumeirah Park, said: 'We are absolutely delighted with the opening day sales of Jumeirah Park, in particular that many of the purchasers are end-users; our pre-launch research showed that there was strong demand for high-end, villas with excellent amenities situated within a family friendly community, but we were overwhelmed by such exceptional levels of interest and the number of sales. The huge queues and outstanding sales are clear evidence of both the market's buoyancy and the strong reputation Nakheel has built for delivering quality products. Jumeirah Park is located within Dubai's most desirable district, and we expect sales to continue with the impressive momentum shown on the first day.'

Manal Shaheen, Director Sales, Marketing & Customer Services, said: 'These sales are a clear 'seal of approval' from the market recognizing both what Nakheel has already achieved, and will continue to achieve in the future: bold, innovative, and visionary projects that meet our customers' needs. Sales of the first phase have now closed but there will be new phases launched in the future.

'The new property law announced in March has not only helped welcome new breeds of investor, but has also attracted more home financiers into the market. Jumeirah Park is a development which focuses on family, and as such we want to make it as easy as possible for families to invest in this development. Amlak, Barclays, HSBC, and Tamweel are all companies with excellent pedigrees, and such a strong portfolio of mortgage provided excellent choice for the consumer - a fact witnessed with the excellent opening day sales at Jumeirah Park.'

Sales of the first phase have now closed.
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Old September 7th, 2006, 02:39 PM   #16
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Old September 7th, 2006, 02:52 PM   #17
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Old September 7th, 2006, 03:15 PM   #18
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Great idea if Nakheel concentrates more on commercial projects than residential in the future. Same goes for Emaar. There is clearly a current imbalance between available office space and accommodation and this is something the master developers need to address.
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Old September 7th, 2006, 03:21 PM   #19
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Quote:
Originally Posted by Naz UK
Great idea if Nakheel concentrates more on commercial projects than residential in the future. Same goes for Emaar. There is clearly a current imbalance between available office space and accommodation and this is something the master developers need to address.
Well, business bay solves that problem I think
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Old September 7th, 2006, 03:42 PM   #20
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Only about 55% of business bay is commercial space
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