Dubai’s prestigious Palm Jumeirah development launches The Palm Tower Residences

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Nakheel, the state-owned developer behind the landmark Palm Jumeirah development in Dubai, announced the launch of The Palm Tower Residences, a mixed-use luxury property slated for completion in 2016.

Prices start at AED1.5 million (USD408,000) for fully-furnished, serviced studio units up to three-bedroom apartments. The project will also feature twelve rooftop restaurants, a viewing deck and an infinity pool with views of the Dubai skyline.

“The Palm Tower combines luxury living with comfort and convenience, and brings yet more amenities to Palm Jumeirah. This is the perfect investment opportunity for people who want to be part of the vibrant community and diverse lifestyle that has turned Palm Jumeirah into one of the world’s most sought after places to live and visit,” Nakheel chairman Ali Rashid Lootah said in a press statement.

The 504-unit tower is also set to include a 290-room five-star hotel, occupying18 storeys, which will offer fine dining options and leisure amenities.

Easily accessible via bridges and skyways to Nakheel’s other projects such as Nakheel Mall, The Palm Monorail system, Club Vista Mare and Palm West Beach, the 50-storey tower will become the developer’s flagship hotel in the United Arab Emirates.

Wholly-owned by Nakheel, Palm Jumeirah is the world’s largest man-made island and part of the artificial palm tree-shaped archipelago in a reclaimed area in the Persian Gulf that began development in 2001.

Source: Property Report

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