#COMPLETED: THE GOLDEN MILE, 5F Res (10 buildings) (Palm Jumeirah)

[Chad]

Oh yeah, must be The Atlantis...

[dubayyy]

i'm pretty certain this is an early render for the marina village apartments which will occupy the crown at the palm - the bit at the centre of the six marina buildings - however nothing has been released yet here as the plans for this area have yet to be finalised

d

[dubayyy]

also golden mile owners have finally been informed that foundation and piling work will start in first week of October - and the completion date has been moved back to Dec 2007.

[dubaiflo]

this takes very long, 2 years for 5F buildings.

[dubayyy]

referring to my previous post below is a pic of the palm jumeirah trunk model taken at cityscape

note the building 'shaped like atlantis' is actually the marina crown apartments

[malec]

Glad they redesigned those marina crown appartments. They looked like absolute shit before. They look nice now, but still a bit too regular for my liking. It would be great if they made each building slightly different

[Stephan23]

Any new pictures??

[Krazy]

Fairmont to manage The Palm Golden Mile, two residences

Dubai: IFA Hotels and Resorts has appointed luxury hotel operator Fairmont to manage The Palm Golden Mile and their two shoreline buildings, Al Nabat and Al Haseer, IFA HR's residential projects, located on the trunk of The Palm, Jumeirah. The appointment reinforces Fairmont as one of the leading luxury operators within the region and further strengthens the relationship between the two companies. Inventory under the management of Fairmont will now range from traditional hotel keys within the Fairmont Palm Hotel and Resort, through to luxury apartments and penthouses managed under a tailored rental administration programme.

[dubaiflo]

do we know if those are the additional shorelines?

[Dubai-Lover]

IFA Hotels & Resorts appoints Fairmont Hotels & Resorts

IFA Hotels & Resorts (IFA HR) has announced the appointment of luxury hotel operator Fairmont Hotels & Resorts (Fairmont) to manage The Palm Golden Mile and their two shoreline buildings, Al Nabat and Al Haseer, IFA HR's residential projects, located on the trunk of The Palm, Jumeirah.
United Arab Emirates: 2 hours, 53 minutes ago

The appointment reinforces Fairmont as one of the leading luxury operators within the region and further strengthens the relationship between the two companies. Inventory under the management of Fairmont will now range from traditional hotel keys within the Fairmont Palm Hotel & Resort, through to luxury apartments and penthouses managed under a tailored rental administration programme.

The Palm Golden Mile is a Joint Venture between IFA HR and Istithmar and will feature ten waterfront buildings, featuring everything from one bedroom apartments to grand penthouses and townhouses. The luxurious 860 units have been designed with waterside views, spacious private patios, iconic architecture, elegant interior design and membership access health clubs and beach clubs on The Palm, Jumeirah.

Al Nabat and Al Haseer are two shoreline residential developments of 246 apartments built in an eclectic Arabic style on the trunk of The Palm, Jumeirah. The development also offers an array of facilities including a members-only health club, gymnasium, swimming pools and other facilities associated with a 5 star operation including valet and concierge services.

Owners of both developments will benefit from a Rental Administration Programme, managed by Fairmont that allows the investor to purchase a fully furnished interior design package, which Fairmont then administers and lets out on their behalf, alternatively Fairmont can handle the normal long term rental contracts to cater for the needs of the short and long term tenant.

Mr. Patrick Smith, Vice President Asset Management, IFA HR said,

'The facilities available at The Palm Golden Mile and Al Nabat & Al Haseer will be unsurpassed, giving residents an opportunity to enjoy a waterfront lifestyle. With the management of these residences entrusted to Fairmont Hotels & Resorts, we have delivered on our promise to clients, to have the highest level of service available to our residents.'



The Palm Golden Mile will encompass some of the Palm Jumeirah's premiere retail shops, offices and residences. Construction of this premiere mixed use resort is now well under way and completion is expected in first quarter of 2008. The Al Nabat & Al Haseer buildings form part of Nakheel's Shoreline apartments and are scheduled for completion in the first quarter of 2007.

Fairmont Executive Vice President, Mr. John Johnston said, 'Fairmont Hotels & Resorts has built a reputation for excellence and we take great pride in being associated with The Palm Golden Mile and Al Nabat & Al Haseer. Managing these projects will be exciting for us, given their unique location on the world renowned The Palm, Jumeirah. Residents of properties will enjoy premium service that Fairmont has been known to provide worldwide, offering the very best in serviced living. We look forward to a long and mutually beneficial partnership with IFA Hotels & Resorts in the years ahead.'

Mr. Talal Jassim Al Bahar, Chairman and Managing Director of IFA HR, concluded 'Our continued strategic alliance with Fairmont Hotels & Resorts is strengthened by their appointment to manage The Palm Golden Mile and Al Nabat & Al Haseer. As a company, we are committed to provide a premium product offering to our buyers and it is fitting that this will be delivered by one of the best luxury hotel operators in the world.'

[dubayyy]

deleted duplicate post

[dubayyy]

Just received the following email from IFA....


Our development on the Palm Jumeirah continues to proceed at a steady pace..

What has to be considered one of the most technically advanced and prestigious developments in the world, has not come without its fair share of challenges, but is firmly in the hands of a team of people dedicated to delivering a quality project on time.

IFA Hotels & Resorts is committed to service excellence and aims to constantly improve our customer relations. This includes providing regular updates on progress and completion dates.

The appointment of the main contractor in March 2006 for The Palm Golden Mile earmarks a key milestone for this prestigious development. IFA Hotels & Resorts and our joint-venture partner Istithmar PJSC, have appointed Al Shafar General Contracting Co [L.L.C.] as the main contractor for the Palm Golden Mile project.

CONSTRUCTION PROGRESS REPORT
The Palm now boasts pristine beaches that will leave you in awe at the magnificent views and surreal beauty, as well as its engineering ingenuity.

As part of our regular updates to you, you will be able to witness first hand the evolution of the development and monitor the step by step process of construction.

Having taken occupation of our site we are well on our way to delivering the Golden Mile early in 2008.

The bulk excavations, shoring and piling for buildings 7 to 10 are now complete. The technique of excavating and forming the walls below water level is exceptionally specialised and was uniquely developed by geotechnical and civil engineering contractors NSCC/Soletanche Bachy. The 1 meter thick concrete retaining walls surrounding the site down to a rock level 20 metres below ground have been completed, totaling a length of approximately 3 kilometres! These walls separate the buildings from the main road on one side and the canal on the other and will allow the construction of the basements. They have also completed 900 bored piles through 20 metres deep of sand fill, previously placed by the dredging contractor whilst forming The Palm. The piles are anchored into the rock layer on the seabed.
The basement levels on buildings 7 to 10 are now being excavated and the dewatering equipment is reducing the seawater level inside the retaining wall by 9 metres.

In addition to the exclusive access that all our owners will have to the various beach clubs on The Palm, Jumeirah, we are pleased to advise that we will be constructing several new gyms as part of the Golden Mile upgrades.
These facilities will be available to owners on a membership basis. We have also initiated upgrades of finishes fuelled by constantly aiming to improve standards of living. We will share further details of the upgrade program in the next client update.

OCCUPATION DATES
Occupation of The Palm Golden Mile is still on track for early in 2008. We will confirm at least 3 months in advance as to the actual occupation date and we will keep you informed of the progress throughout the remainder of the development.

APPOINTMENT OF FAIRMONT HOTELS & RESORTS
You may have noticed from the press that we have appointed Fairmont Hotels & Resorts (Fairmont) to manage the residential units within the Golden Mile to ensure first class services to our clients. In our next communication to you, we will be providing details of the interior design and furniture packages selected in collaboration with Fairmont, which will be available to all owners. This is an exclusive service we will offer our clients to save you both time and money, to fit-out your residence ready for occupation.

We are finalising the selection of the highest quality furnishings, fittings and branded equipment to provide you with an à la carte range of value-for-money options. We are creating furniture packages designed to cater for all tastes, to ensure your apartment will have all the luxuries you are accustomed to, making your arrival like checking into a 5 star hotel. All you need to bring is your suitcase. You will have the option to order your furniture from any of our appointed suppliers who will in turn deliver directly to your apartment leaving you free to bask in the opulence of your new surroundings.

RETAIL
IFA Hotels & Resorts has appointed Retailcorp to source unique international restaurants and retail shops for the Golden Mile, which will become one of the finest culinary destinations in Dubai. It will comprise of the world's leading upscale restaurants, outdoor cafes and formal dining eateries, all located on the waters edge of The Palm canal.

REGULAR UPDATES
The first issue of our bi-monthly newsletter ŒIFA Times¹, was distributed in March. Through ŒIFA Times¹, we are providing news about the various projects that IFA Hotels & Resorts are involved in around the globe as well as updates on our existing projects.

We are particularly proud of our recent listing on the Kuwait Stock Exchange and IFA Hotels & Resorts South Africa listing on the Johannesburg Stock Exchange, proving that our strategic alliances with world class hotels and developers is bringing us to the forefront of the property development industry.

IFA Hotels & Resorts is here to facilitate you with the smooth handover process of your property, providing personal service that is second to none..
Starting on your arrival at Dubai International Airport where one of our friendly staff will be waiting to whisk you off to your new apartment.

CUSTOMER SERVICE CENTRE
IFA Hotels & Resorts Customer Service Centres, sole purpose is to assist you in any way we can and is managed by a dedicated Customer Service team.
Whether it be general or sales enquiries, construction progress or product updates, the Customer Service team is here exclusively for you.

Our Customer Service team looks forward to being able to provide a timely response to all your enquiries by utilising the expert advice of our professional colleagues enabling accurate and speedy updates.

Our Customer Service Centre contact details are listed below:

Tel : +971 4 391-2022
Fax : +971 4 366-4644
Email : info@ifahotelsresorts.com

When contacting our Customer Service Centre please have the building name and your apartment number on hand to assist our personnel in attending to your query as fast and effectively as possible.

We look forward to being of service to you in the future.

With our best regards
Customer Service Department

[dubaiflo]

foundation seems to be well underway.

[Krazy]

Al Shafar wins Dh990m project

Dubai: Al Shafar General Contracting, one of the UAE's leading contractors, has won a Dh990 million contract to construct the Golden Mile on the Palm Jumeirah, taking its current orderbook to Dh4 billion, said a top company official.

Some 10 projects are in the Dh300-Dh400 million range. Recently it won a 42-storey Citadel commercial tower at Business Bay.

Emad Azmy Gendi, managing director of Al Shafar General Contracting, told Gulf News, that despite prices on raw materials nearly tripling over the last few years the Dubai contracting market is unfazed and poised for even higher growth, predicts the managing partner of one of the largest general contractors in Dubai.

"Steel prices have risen from Dh800 ($218) a ton in 2002 to the current price of Dh2200 ($600) because of strong demand from China and Europe," he said.

Other metals such as copper and aluminium have seen similar price hikes, he said.

Because contractors bid for fixed-price contracts a sudden rise in prices can turn a projected profit into a loss. But the metals price increase has been gradual, allowing Al Shafar to price it into their bids, Gendi said in an interview at his office in the Al Safena Building in Oud Metha. Gendi, who co-founded the company in 1989, said metal prices have nearly stabilised and he even predicts worldwide demand to slacken in the fall, when the pace of new construction slows in colder climates, such as Europe.

At the same time, new projects in Dubai appear to be increasing, leading to robust business for the large contracting firms in Dubai.

Despite speculation that the market for residential units is nearing capacity, interest in tourism, educational and free zone developments appears strong, said Steve Brice, head of Middle East research for Standard Chartered Bank in Dubai.

"Residential real estate I think is nearing saturation, but clearly the size of projects still coming on stream is colossal, with the best recent example of this being the Dh100 billion (Bawadi) resort strip being the best example of this," he said.

Gendi wouldn't reveal his company's revenues but pegged profit margins at five to six per cent per project. Al Shafar currently employs 6,500 labourers and continues to hire more, Gendi said.

Gendi said he hoped to increase profits by upgrading machinery with the most advanced cranes, scaffolding, and hoists that should reduce manpower needs.

On Sunday, the company revealed a new logo with great fanfare at the Al Falak Ballroom at the Burj Al Arab Hotel.

The move comes at a time when Al Shafar is attempting to expand throughout the Gulf and perhaps further afield, according to a company spokesman at the event.

[dubayyy]

Just received following email from IFA

Dear customer,

Firstly, IFA Hotels & Resorts wish to take this opportunity to wish all our clients a very happy New Year and we extend our warm wishes to both you and your family. Now that life has returned to normal after the holidays and festivities, we are pleased to provide a project update following up from our newsletter issued September 2006.

As you will no doubt be aware, there a number of amazing real estate developments under construction in Dubai however properties on The Palm Jumeirah are most certainly considered the most prestigious in the UAE and desirable world wide. International investors and home owners are encouraged by the steady rise in property prices which have increased considerably since 2002 when property first became available to foreign investors. The market is still highly competitive compared with similar properties available in other European destinations and prices are set to continue rising throughout the foreseeable future.

Mortgages are available to prospective purchasers and it’s advisable to shop around as the market is quite competitive. Currently, local mortgage rates vary between 8 % and 8.5% and institutions will normally lend 65% to non-residents and 90% to residents.

The Palm Jumeirah is on track to welcome some of its first residents during the first quarter 2007 and the development has units ranging from one bedroom apartments to seven bedroom signature villas complete with private beach. In total, it is reported there will be 1,500 villas and 2,500 apartments in conjunction with several hotels, retail outlets, a monorail and a marina. The development is taking shape at a phenomenal pace and the sheer size and scale of The Palm Jumeirah is quite simply breathtaking.

In reference to the Palm Golden Mile construction progress, you will recall that all necessary building permits and approvals were received and work continues to progress at pace. The Palm Golden Mile 2 structure so far complete: the two basement areas, double volume retail area, office floor and first floor of the apartment level for buildings 8,9 and 10 and in buildings 1 to 7 the structure is complete and the retail area is being built. Installations for utilities, gas water and electricity, are complete and further services connection will be aligned with construction. The town houses and retail area structures are complete and key project milestones are regularly being achieved as per schedule. At the mezzanine floor, the health club pool structure is in place and work continues on the health club construction. The monorail track is being assembled and supporting concrete girders are being erected which will hold the monorail track and train. The tunnel to crescent is nearing completion and can only be considered as one of the most remarkable engineering accomplishments in Dubai. Basement level 3 is in progress for the six buildings on Golden Mile 1.

Construction Statistics:

2,300 piles up to 1,200mm diameter to a depth of 14 metres piling works installed
450,000 cubic metres of soil excavated to form the underground basement car parking areas
We have blinded an area of 60,000 square metres with concrete
Currently 2,000 men working on site to increase to circa 5,000 over the coming months
Work on site continues 24 hours a day 7 days a week
100,000 m3 of concrete poured in foundations and structural works
3,500 m2 block work complete
Electrical and mechanical services installations in progress

Having visited the Palm Golden Mile during the second week in January, I can confirm building on site is truly amazing. The advanced construction since my last visit in December is incredible. I remain confident you would also be inspired were you standing on the Palm Golden Mile mezzanine floor looking at the pool, available retail space, and townhouse structures whilst absorbing the Shoreline apartment’s skyline – history in the making! You will be pleased to know that the Master Developer has introduced two pools and two health clubs for the Palm Golden Mile 1 & 2 at no additional cost to you. Having carried out several site inspections, we felt that to enhance the overall resident occupation experience, the inclusion of the Health Clubs, treatment rooms and pool, was a fantastic compliment to this superb development. Membership will be available to residents to ensure exclusivity and beach club membership will be available for any of the several beach clubs located on The Palm Jumeirah. IFA Hotels & Resorts will also be relocating to the Palm Golden Mile once complete and this is also a very exciting for us.

You will have received notice in January informing you that IFA Hotels & Resorts has been in the process of relocating from the Dubai Technology and Media Free Zone to the Jebel Ali Free Zone here in Dubai. As a result of this relocation Souq Residences FZ-LLC is now referred to as Souq Residences FZE, to signify the fact that it now operates as a Jebel Ali company for all future purposes and correspondence.

For resident and visitors of Dubai, we invite you to visit our soon to open Sales Centre opposite the Burj Al Arab where you can meet with IFA Executives who will be delighted to see you.

...and finally she rises...dubayyy

[dubaiflo]

those updates in the email seem to be pretty recent. good to see a structure coming up now..

we will also be able to see exactly how wide the canal will be then.

[Richard Head]

Originally Posted by dubaiflo

those updates in the email seem to be pretty recent. good to see a structure coming up now..

we will also be able to see exactly how wide the canal will be then.

What Canal - there isn't one now.. See PJ thread for details. I was there last week, was looking at it from an angle but they did seem to be very close to the shorelines, the "park" that will replace the canal will be extremely narrow I think.

[dubaiflo]

how should i have known..

[Dune]

With all the recent problems associated with Nakheel/The Palm (delays, proposed service fees, trunk re-design, etc), I think it is important that there is a site available for both current and future owners to discuss issues related to owning/living/renting on The Palm. This will become even more important as The Palm goes from a "Skyscraper City" development to a completed facility where we live each day.

In an attempt to service the community (and my neighbours), I have requested a distinct forum for owners on The Palm. The website address is:

http://www.totallyproperty.com/palm-...s-group-forum/

Please have a look and contribute as it will hopefully become YOUR forum to discuss various issues related to The Palm and Nakheel as we go forward over the years. It would also be wonderful if some (esp Imre, the picture king) could include a few pictures on the site to add some initial depth.

Have a look and let me know what you think. If it is not of value to The Palm owners over the next few months I'll have it removed. All comments appreciated.

Best to all.

[A.U.S. arch. Student]

Looks like the Golden Mile is rising