Interesting Facts & Figures for the Mega Projects

[Emir of Ketir]

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