- Securitisation of the palm jumeirah mortages will be begin in the first half of 2005. Placement is expected to be between 300-350m. US$ and according to David Jackson, EVP Istihmar, will be placed in North America only.
- 90% of all residential units on the first two islands were bought by Gulf (GCC) Nationals.
- 2/3 of those are expected to sell or have sold the property on
- Only 20% of all residential units are said to be with the final owner
- The third palm island, The Palm Deira, is expected to reflect the cosmopolitan nature of Dubai better, as The Palm Deira will be heavily promoted in key Western markets
- The World project: 50 islands out of a total of 300 are sold to date
- Nakheel will built 6 more golf courses in the next three years to target golfers
Edited by Emir of Ketir, 25 January 2005 - 10:03 AM.
