#PROJECT: THE PALM JUMEIRAH

[pauldxb]

Originally Posted by Slimbo

I notice they're removing all the speed humps on the trunk roads. While this is excellent news for my car, any idea why? I presume they'll be putting up speed cameras or something like that, otherwise the Palm will become a race track for the usual dickheads.

RTA are putting up six speed cameras on the island, 2 on the entrance / exit. 2 up the trunk entrance / exit and another 2 near the tunnel

[Palm-Host]

Does anyone have a masterplan for the Park inbetween shorelines and Golden Mile?

They are working on this everyday but I can't make out what certain things are? Water features? or bench areas?

It's starting to move a lot quicker now!

[maltster]

http://www.skyscrapercity.com/showpo...postcount=6632

Only thing I've seen is the above link (post 6632 on 12th Oct 2011). Difficult to make anything out except for the great, big central carpark.

[Parisian Girl]

By Daniel Shane | Thursday, 5 April 2012 11:02 AM

The value of apartments in one of Palm Jumeirah developments has plunged by as much 75 percent in the wake of Dubai's 2008 property crash, documents obtained by Arabian Business reveal.

Click here to see how the crash hit Palm property prices.

http://www.arabianbusiness.com/revea...es-452786.html

[Parisian Girl]

By Parag Deulgaonkar | Published Wednesday, April 11, 2012

Nakheel on Wednesday broke ground on the Palma Residences, Palm Jumeirah - its first project launched after completion of its Dh60-billion restructuring process - with the project stated to be completed in 18 months.

http://www.emirates247.com/business/...04-11-1.453414

[Scailer]

What do you know about confirmation (registration) of our ownership? Who is in charge of my (your) deed?

[npunjabi]

Does anybody know how many units were sold in palma residence, i am sure there are a lot of people in dubai who dont learn from mistakes?

[seagulls]

Out of 104, 30 sold for 60m. Palm booming! Wish I could buy 1!

[InvestorDubai]

Stay OFF from Off Plan Palma Residences
Stay away from any off-plan purchases

The news about them selling 21 villas-could be just propaganda to entice people to buy.

Anybody who has not learned from the problems of investors stuck in
incomplete buildings will suffer again. If you don't learn from other people's
mistakes you will learn from your own.

When sh*t hits the fan we know who the government, RERA and courts support. THE DEVELOPER.

Buy only COMPLETE buildings and nothing else is my 2 pence worth.

Many Nakheel projects are on hold. They don't have a reputation of delivering on schedule.

Originally Posted by seagulls

Out of 104, 30 sold for 60m. Palm booming! Wish I could buy 1!

[Palm-Host]

Originally Posted by building1

Dubai government owned Nakheel will start selling townhouses on Palm Jumeirah from April 2 in its first new residential project since the property market crashed in 2008, it was announced on Thursday.

Located off the Palm Jumeirah eastern side of the trunk, Palma Residences will consist of 104 Mediterranean style townhouses and prices will range from AED6m (US$1.6m) to AED8m

“We are looking forward to the opening day sales of Palma Residences, these sales will be 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,” said Ali Rashid Lootah, chairman of Nakheel.

The project will test demand for property in a market where prices have plunged by more than 65 percent since their mid-2008 peak.

The slump forced Nakheel to write down the value of its real estate by AED78.6bn ($21bn) and prompted the bailout.

Most of the Palm project will be financed by sales agreed before construction begins, a method that was common before the property slump.

Lootah, who declined to comment on the expected cost of the development, said it will not be financed through bonds or loans from international banks.

Nakheel plans to spend AED1.4bn this year to complete nine projects across Dubai that had been suspended after the property crash, according to an Islamic bond prospectus obtained by Bloomberg News in September.

Nakheel plans to complete 7,982 homes in 2012, the document showed.

“My main challenge is to deliver to buyers the homes they bought,” Lootah said in February. “The banks and the contractors made a lot of money off us during the boom days, but the buyers have been patient and we want to deliver the homes they paid for and dreamed of. That’s my main goal.”

Nakheel settled AED6.6bn of claims related to property sold in projects that were halted indefinitely, Lootah said.

The buyers have been offered alternative homes in projects nearing completion or credit notes that can be redeemed in five years. Nakheel has about AED3.4bn of claims left to settle, he said.

It's a bit confusing when they say 30 sold for 60 million, that's at an average of 2million per unit? I thought the article said they would go for between 6 to 8 Million?

Something doesn't quite add up?

[seagulls]

2mill dollars!

[seagulls]

Originally Posted by seagulls

2mill dollars!

So that's correct. Wish 2mill dhs

[Parisian Girl]

By Parag Deulgaonkar | Published Tuesday, April 17, 2012

A 5,574-square metre prime plot on Palm Jumeirah Pointe, opposite Atlantis, has been sold for Dh87 million, or Dh15,604 per square metre, Nakheel said on Tuesday.

http://www.emirates247.com/property/...04-17-1.454348

[Parisian Girl]

By Staff | Published Thursday, April 19, 2012

Nakheel on Thursday signed contracts worth Dh43 million for two key projects on Palm Jumeirah.

A Dh25-million contract for design of the Palm Mall, a 1.7 million sq ft retail complex, was awarded RSP Architects. Design work is due to finish by year-end, with construction starting early in 2013. The mall will open in 2014.

http://www.emirates247.com/property/...04-19-1.454759

[Parisian Girl]

Apr 23, 2012

The Public Transport Agency at Dubai's Roads and Transport Authority (RTA) has added two water taxi stations at the Rixos The Palm Dubai hotel, and at Dubai Marina Mall.

There are now 25 water taxi stations.

The RTA's next step is to link the water taxi stations with metro lines.

http://www.thenational.ae/news/uae-n...-taxi-stations

[Chakazoolu]

[Chakazoolu]

[Chakazoolu]

[Chakazoolu]

[Chakazoolu]