Friday 15 June 2007

Nakheel to Launch Jumeirah Heights

Nakheel the developer behind Dubai's Palm islands has launched its Jumeirah Heights residential project in Dubai. The development is located on a plot between Jumeirah Islands and Jumeirah Lake Towers. The Jumeirah Heights will have a total of 2,300 residences and will be split into three areas. The Village Centre has two mid-rise buildings with 650 apartments; The Fronds has two mid-rise apartment buildings and 17 townhouses; The Clusters comprises three low-rise buildings with a range of two and three bedroom apartments. In the first stage of development, the Village Centre will contain two mid-rise buildings, consisting of a variety of retail facilities. Leisure facilities will include a swimming pool, a gym and a children's play area. Construction on The Jumeirah Heights project began last month and is set for delivery in 2010. When completed, it will be a home to around 11,000 people. Two metro stations will be situated within reach of the project by the time of its completion. Nakheel stated that Jumeirah Heights will be a low-density community, with residences set across 20 hectares of land. Landscaping will include lakes and water features.The general sales launch will take place in the following few weeks, says Nakheel. Finance is available on this project; Nakheel said finance options will be available with loan to value ratios of up to 90-95 per cent.

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