Nakheel also confirmed that more than 60 per cent of its Marina Residences project on The Palm Jumeirah had now been sold, with the second phase now sold out and a third phase to be launched at the Kuwait Boat Show, held from 21-25 April 2007. Marina Residences are the first properties available to buy on The Palm Jumeirah in more than four years.
Marina Residences is a flagship leisure boating development for Nakheel based at the top of the trunk of The Palm Jumeirah and features 940 of the most exclusive and well-appointed marina homes in the region. With an enviable and exclusive location, and with residents receiving first refusal of one of 600 coveted yacht berths, they offer a stunning base for yachting in the Gulf region.
Manal Shaheen, Nakheel Director - Sales, Marketing and Customer Service, said:
'The Kuwait Boat show is already proving to be a success attracting the highest calibre of exhibitors and visitors, who will number around 10,000 by the end of the week. We are very proud to have The Palm support the show as the diamond sponsor. There is a very good reason why we decided to become involved. Through innovative and iconic projects such as The Palm and The World in Dubai, Nakheel has become renowned throughout the world for our landmark waterfront developments."
'Our recent launch of the Marina Residences on The Palm Jumeirah is a great demonstration of how keen we are to attract the kind of discerning consumers who are attending the Kuwait Boat Show. These incredible properties are world-class, and perfectly suited as a base for sailing in the Gulf and there has already been serious demand with sales exceeding our expectations.'
Marina Residences is made up of six residential towers that rest on landscaped podiums faced with marinas and access to a private promenade. At the doorstep of each tower will be Anchor Marina, one of Dubai's largest marinas with berths for more than 600 vessels and world-class facilities.
Anchor Marina will be operated by Island Global Yachting, the world's leading marina company, who have designed, developed and operated marina projects in North and South America, the Caribbean, Europe, Asia, Africa and the Middle East. Island Global Yachting will provide comprehensive design, development and management services to all Nakheel marina properties and developments.