Jump to content

Archived

This topic is now archived and is closed to further replies.

Emir of Ketir

Interesting Facts & Figures for the Mega Projects

Recommended Posts

Found some interesting articles about the Island reclamation Projects in the F.A.Z. newpaper (18.01.05)

- 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

Share this post


Link to post
Share on other sites



  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.