Palm Jumeirah : The new home for the QE2 in Dubai
Nakheel, a leading Dubai property development company and subsiduary of Dubai World, who last year purchased the QE2, has this week announced that the new home for the world famous cruise liner will be at The Palm Jumeirah, Dubai where she will be the showpiece of a prestigious marina development.
The QE2 will head a palatial 300m long pier from starting from the trunk of The Palm Jumeirah and heading out into the waters of the Arabian Gulf. She will be transformed into a luxurious floating hotel, featuring public promenades, retail outlets, cafes and restaurants, as well as a heritage museum displaying artifacts from the QE2 and maritime history.
Johann Schumacher, Director of The Palm Jumeirah, said: “The arrival of QE2 is one of the most anticipated events of the year and Nakheel is proud to be the custodian of such a historic treasure. The world’s most famous ocean liner will form the focal point of an exciting new development that will be a spectacular and must-see attraction on Palm Jumeirah.”
“QE2 will provide the third jewel in the crown of Palm Jumeirah’s world class destination offerings and the perfect complement to Atlantis, Cirque du Soleil, and Trump International Hotel & Tower. Providing her with a permanent home in Dubai not only secures a sustainable future for one of the brightest stars of the global tourism and leisure industry, but also takes us one step further to making Palm Jumeirah the centre of tourism entertainment in Dubai.”
Nakheel will begin construction of this luxury marina development and the QE2s berth in September and hope to establish it as a cultural centre and tourist attraction on Palm Jumeirah paying homage to one of the worlds most famous ocean liners.
July 29th, 2008 - Posted in Uncategorized | | 0 Comments
U.S. Tops Reservation List For The Dynamic Tower in Dubai
With more than 600 reservation requests for residential apartments in The Dynamic Tower in less than three weeks, this hot-property is looking like a quick sell-out.
Topping the list of interested buyers for this, the world’s first dynamic skyscraper is the United States with over 140 reservations. Following on from the U.S. comes the UK and Australia with 94 and 57 reservations respectively and Italy, China and New Zealand also have significant numbers of reservation enquiries.
More than 50 reservations were made for the Dynamic Tower’s top 10 floors of full-floor luxury villas, with prices starting at $30 million.
For more details on The Dynamic Tower in Dubai you can view this post.
July 16th, 2008 - Posted in Uncategorized | | 0 Comments
Explosion In Dubai
With a massive range of developers, both large and small, entering the Dubai property arena and property prices still climbing, is it any wonder that in less than 20 years, the Dubai property market has exploded from this:
to this:
Dubai has seen around 40 towers, and other property complexes developed at Dubai Marina, with a similar number of properties nearing completion at the nearby Jumeirah Lakes. Jumeirah Beach Residence project last year saw the completion of 40 towers.
Development is well underway in Dubailand with several projects currently up and running including Al Sahra Resort, Dubai Sports City and the Dubai Autodrome and there are now 4 major Palm projects (Palm Jumeirah, Palm Jebel Ali, Palm Deira, and Palm Universe). Development is also well under way at Dubai Waterfront, Arabian Ranches, The World, Burj Dubai, Jumeirah Islands, Silicon Oasis, Business Bay, Discovery Gardens, International City, with many other developments ongoing.
There are many other Dubai property developments on the horizon including the $11 billion Arabian Canal project, which at 75 kilometres will be one of the world’s longest man-made waterways. The Arabian Canal project will flow from Dubai Waterfront to Palm Jumeirah, passing east of the planned Al Maktoum International Airport and will be home to an estimated 1.5 million residents.
June 3rd, 2008 - Posted in Forecasts, Uncategorized, dubai property | | 0 Comments
Why its good to buy property in Dubai
With much of the UK and Europe in the grip of a financial slowdown, many developers are having to work a lot harder to find not only a good property, but also a good sector in which to invest. Whilst other locations may have slowed down, it appears investing in a property in Dubai may still be good for your bank balance, particularly if you are looking at your purchase as more of a long term investment and with the rental market in Dubai in mind.
Last week, the Deutsche Bank announced it was relocating more staff to its offices in Dubai, a move expected to be mimiced by other competitors, as many financial organisations look to exploit the boom in the oil industry. Many of these financial professionals are used to paying a premium for property, particularly given that most of these expatriates are often moving from other high cost financial centres such as London and Barcelona.
In keeping with recent trends, the rental market in Dubai is still fairly buoyant at present. This presents the opportunity of a reasonable rental yield particularly in the short to medium term.
As usual though it pays to be careful with your property purchase taking into mind, location and your target market.
May 12th, 2008 - Posted in Forecasts, Uncategorized, dubai property | | 0 Comments
