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Dubai Waterfront and Palm Jebel Ali Developments on Nakheel's second palm and the new surrounding city


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Old January 30th, 2005, 12:39 AM   #61
Trances
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hmm maybe a revamp and release will occur for Palm Deria as well do you think ?
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Old January 30th, 2005, 01:29 AM   #62
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Quote:
Originally Posted by Emir of Ketir
You guys are such geeks, but in fact I am no better.
The one in between the Palm Jumierah and Jebel Ali port looks like it is called "The Water Plaza" might just be place for boats to dock etc...

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Old January 30th, 2005, 04:28 AM   #63
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The top circle is definately THE PEARL which was cancelled
so i guess its crossed out now
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Old January 30th, 2005, 06:15 AM   #64
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Mohammad launches Dubai Waterfront

Dubai: Dubai Waterfront, a huge mixed-use project expected to house 750,000 residents across its 10 planned districts, was launched yesterday.

It will add a new dimension to Dubai's coastline, General Shaikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister, said while launching the project yesterday.

"It is an unprecedented advancement and a world-class addition to Dubai, one which will create long-term growth and investment for the UAE and the wider region," he told the large crowd of top officials and high-profile businessmen.

"It is my honour to launch this mega project, which will give an opportunity to companies and individuals to contribute to developing this project in cooperation with Nakheel Properties, and directly benefit from investing in it."

Shaikh Mohammad, however, said Dubai Waterfront was "just an episode" in a series of upcoming projects.

"Dubai needs to double the number of the already existing residential apartments and hotels."

He ruled out any negative impact on other construction and tourism projects currently in progress, and stressed the importance of healthy competition.

"There is still room for new projects," he asserted.

Shaikh Mohammad said his vision was clear and the target had already been set. He welcomed local, Arab and foreign investors, while confirming that priority would be given to local investors.

"The UAE is pushing towards executing modern development projects in all sectors that help achieve the aspirations and progress of our people," Shaikh Mohammad said.

"Our policy is not to wait for others to think on our behalf, but to continue with our march towards prosperity and building our future.

"We are ready to help our brothers in neighbouring countries and provide them with consultancy expertise if they want to follow in our footsteps," Shaikh Mohammad added.
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Old January 30th, 2005, 06:19 AM   #65
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New company to develop mega project

Dubai: A new company, Dubai Waterfront, has been launched to develop the 81 million square metre, upscale water-themed mixed-use destination.

Aiming to be the world's largest waterfront offering, the Dubai Waterfront project will feature 10 "districts or diversified zones" and be a base for 250 master-planned communities.

Up to 750,000 people will reside in the Dubai Waterfront, the emirate's latest landmark property venture. There will also be room for about 150 hotel plots.

"It is an unprecedented advancement and a world-class addition to Dubai, one which will create long-term growth and investment for the UAE and the wider region," said General Shaikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister, at the launch yesterday.

"We are inviting developers to benefit by being partners with Nakheel."

The development will be located 35 kilometres south west of Dubai, and bordering Abu Dhabi. Incidentally, it is also the last remaining coastal waterfront in Dubai.

Estimates of the cost of the project were not revealed, but private investors will be tapped right from the start to take the project into full realisation.

Nakheel has been working on the project's main theme for over a year, luring some of the world's leading designers.

The project, which will be split over multiple stages, aims to create a veritable "city on water", as well as the world's longest manmade canal.

On completion, the Arabian Canal will have a length of 75 kilometres, with land on either side to be used for upscale residential and other developments.

"Dubai Waterfront centres around water, something we consider perpetually valuable," Shaikh Mohammad added.

There will be a centrepiece downtown, the Madinat Al Arab. It will feature one of the world's tallest towers, the Al Burj.

Construction is to start early next year, and the first phase is expected to take place over five years.

"This is the first time investors are getting an opportunity to enter as shareholders in a land development company in Dubai right at the outset," said Sultan Bin Sulayem, chairman of Nakheel.

"They will be realising gains through sales of land, and our projection is the internal rate of return on the project will be 44 per cent of the total equity."

At a glance
Nakheel to hold majority stake

* Dubai Waterfront will offer up to 49 per cent of its equity to select investors, while the majority stake is to be held by Nakheel.
* Prospective investors will be offered discounted land plus other concessions such as competitive rates to the plots on The Palm Jebel Ali.
* A board of investment will decide on the allocation of shares depending on the profile of investors.
* The Dubai Waterfront and Arabian Canal will together create 170 square miles.
* 600 kilometres of roads will be created, which is more than the distance between Dubai and Bahrain (481 kilometres).
* With the other water-themed developments from its stable the three Palm islands, The World and now the Dubai Waterfront Nakheel will be extending Dubai's waterfront by 1,500 kilometres.
* The project has been inspired by Dubai's projections on the residential side.
* By 2010, four million residential units will be required, while commercial space will need to double to 1.8 million square metres.
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Old January 30th, 2005, 06:22 AM   #66
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Dubai Waterfront project launched

30 January 2005

DUBAI — General Shaikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence, yesterday unveiled Dubai Waterfront, the unique multi-billion dollar project, which is considered the world’s largest waterfront development.

Nakheel, which debuted its investor launch of the unparalleled project, has established Dubai Waterfront Company (DWC), where it will be the majority shareholder, offering 49 per cent stake to select investors. DWC will be the only project in Dubai that will offer investors the opportunity to enter as land developers and realise capital gains from the sale of land. A Board of Investment, which was established earlier this month, will be deciding on the allocation of the shares depending on the profile of the investors.

DWC’s final financial structure will be determined together with the new investors at a later date, subject to the finalisation of a detailed financial assessment. The investment will involve an equity purchase, 50 per cent of which will be in the form of deferred equity payments, and a commitment to acquire land in preferential locations in Dubai Waterfront, offered at a discounted rate. Initial studies have shown investment in shares of DWC have a preliminary IRR of approximately 44 per cent.

Spread on an area of 81 million square metre 35km south west of Dubai, bordering Abu Dhabi, Dubai Waterfront, the modernistic beachfront mixed-use destination will encompass over 250 master-planned communities and offerings. The construction is scheduled to start early next year and the whole project is estimated to be developed over the next five to 10 years, with the primary infrastructure being completed within five years.

Located on the last remaining coastal waterfront of the emirate, Dubai Waterfront is considered to be the new gateway of Dubai, and has been carefully crafted and developed by an international consortium of the world’s best architects, planners and urban developers assembled by Nakheel last year.

Dubai Waterfront forms the first phase of a larger effort, the Arabian Canal, a 75 km development envisioned by General Shaikh Mohammed. The first phase of the unique project will focus on Madinat Al Arab, a thriving urban downtown metropolis, including Al Burj, one of the world’s tallest buildings.

General Shaikh Mohammed said: “Dubai Waterfront centres around water, something we consider perpetually valuable and precious. It is an unprecedented advancement and a world-class addition to Dubai, one which will create long term growth and investment for the UAE and the wider region. We’re inviting developers to benefit by being partners with Nakheel.”
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Old January 30th, 2005, 06:56 AM   #67
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In the launch Sheikh mohammed said they were studying the possility of linking the Creek with the new canal

Quote:
Originally Posted by Rcd
WOW

They should connect this canal to creek.

Now that all coast of Dubai is filled with projects its time to start plan projects in Abu Dhadu & Sharjah? Or are they now starting to use the inner land of Dubai?
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Old January 30th, 2005, 10:05 AM   #68
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jEBEL ALI PORT EXPANSION.

Quote:
Originally Posted by airefigo
By the way, there are these "things" :-) in water that you marked... (maybe im not up to date), but what is that thing directly next to the palm jebel ali....its not marked red (i mean the thing between the left-most red marked object and the palm jebel ali)

i mean i see jebel ali harbour, but directly above that harbour is something next to the palm jebel ali which seems to me like an extension of the existing harbour... did i miss that project ?

the pictures and the video of the waterfront do not involve such a project, maybe it's an extension of the existing harbour. (is that something that has already been announced ? or still to come :-) ?!)
A couple of years ago Gulf News ran an article about the port extention. The rendering showed the extention in the shape of an F extending into the Gulf ( cleverly the F formed the word Freezone in the rendering). However the Municipality "Major Projects Map" does not show the port expansion. I expect it is still part of the master plan.
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Old January 30th, 2005, 10:11 AM   #69
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750,000 people is huge in one go it seem harldy possible
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Old January 30th, 2005, 10:16 AM   #70
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Take a look at the HUGE rendering in the centre pages of the Gulf News and Khaleej Times. IS That HYDROPOLIS I see?
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Old January 30th, 2005, 10:29 AM   #71
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normally it can't be
i guess you mean this small spot at the top the development?

hydropolis is next to palm jumeirah
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Old January 30th, 2005, 11:00 AM   #72
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Quote:
Originally Posted by Krazy
New company to develop mega project
[...]* Prospective investors will be offered discounted land plus other concessions such as competitive rates to the plots on The Palm Jebel Ali.[..]
Hmm, I thought The Palm, Jebel Ali, was sold out. Confirms my speculation that The Dubai Water Front is also intended to add value to The Palm, Jebel Ali for the time being.
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Old January 30th, 2005, 11:01 AM   #73
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soennecken, can you scan the picture in?
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Old January 30th, 2005, 04:00 PM   #74
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Quote:
Originally Posted by Alt-Tab
The one in between the Palm Jumierah and Jebel Ali port looks like it is called "The Water Plaza" might just be place for boats to dock etc...


Could it be a shopping mall, accessable only by boat!!!
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Old January 30th, 2005, 06:07 PM   #75
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Yeah that is somewhat interesting that they haven't sold out jebel ali yet.... makes me wonder whether their whole public premis for these super projects of 'overwhelming demand' isn't really true.

Also someone said this is the last beachfront in Dubai- I would like to say it is the last beachfront to build massive amounts of new beachfront off of, but maybey in the future they will build extensions of the current projects- mini palms or something.
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Old January 30th, 2005, 06:10 PM   #76
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well there still is some space, but not too much
i'm sure they will use the free spaces in between these monster projects for smaller island projects
if all of them were as massive as waterfron or palm deira it would look crappy

let's wait and see what they still have in mind for us
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Old January 30th, 2005, 06:26 PM   #77
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Quote:
Originally Posted by finite
Yeah that is somewhat interesting that they haven't sold out jebel ali yet.... makes me wonder whether their whole public premis for these super projects of 'overwhelming demand' isn't really true.

Also someone said this is the last beachfront in Dubai- I would like to say it is the last beachfront to build massive amounts of new beachfront off of, but maybey in the future they will build extensions of the current projects- mini palms or something.

The Palm Jumeirah was sold out in 24 hours and the Palm Jebel Ali in four months. Sales on the Palm Deira aren't doing as well as antipated but to be honest I don't think anyone would want to buy a home on that off-shore monstrosity
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Old January 30th, 2005, 07:46 PM   #78
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Quote:
Originally Posted by soennecken
Take a look at the HUGE rendering in the centre pages of the Gulf News and Khaleej Times. IS That HYDROPOLIS I see?

hydropolis2 ?
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Old January 30th, 2005, 07:53 PM   #79
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Quote:
Originally Posted by Dubai-Lover
normally it can't be
i guess you mean this small spot at the top the development?

hydropolis is next to palm jumeirah
Yes, that is where the sign board is but I wonder if they have decided to move it to the Waterfront as they have the Pinnacle (Al Burj)
See the 9 domes in the water off the Jebel Ali Palm Crescent.
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Old January 30th, 2005, 07:56 PM   #80
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ah, dazz, you beat me to it by a few minutes with the render :-)
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