Nakheel’s Palm project gains exceptional response in Kuwait
Nakheel’s latest project The Palm, Deira, has been showcasing around countries in the Gulf region creating an exceptional response to sales. This week, the Palm, Deira wowed Kuwait and generated an overwhelming reaction from investors, who flocked to its two day showcasing at the J.W. Marriott in Kuwait City.
From December 18-19, 2004 interested parties in Kuwait were able to learn about investment options in the The Palm, Deira development which is the third, the largest and the final offering in the world-renowned Palm Trilogy. The Palm, Deira was first showcased with big success in Bahrain and Qatar, with further shows planned in Saudi Arabia and Oman , following the amazing feedback from visitors to Kuwait.
Highlights of The Palm, Deira showcase in Kuwait included, the display of the Grand Villas priced at Dh5 Million to Dh6million and the exceptional Premier Villas, priced from The Grand Villas Dh8.5 million to Dh10 million.
Sultan Ahmed bin Sulayem, Executive Chairman, Nakheel said: “The response from Kuwaiti investors has been overwhelming, considering that we have been inundated with enquiries in our Dubai office, prior to the event. The Palm, Deira is now firmly placed in the investment radar for investors in the GCC Countries, who are keen on exploring the various outstanding residential, commercial and retail options in the development.”
The Palm, Deira was launched in November 2004 after tremendous interest was shown for the Palm Developments. The first of the three Palms, The Palm Jumeirah was launched in 2001 with the project’s villas were sold out in 72 hours. The latest in the Palm developments, The Palm, Deira, will host around 8000 villas and exclusive amenities like up scale shopping malls, sports facilities, dining outlets, marinas and other luxury developments in an area equalling 80 square kilometres. The reclamation of The Palm, Deira’s 41 fronds and the massive breakwater has already commenced in the sea just of Hamriya Port in Deira, Dubai using some of the most ingenious civil engineering techniques ever devised.
“Nakheel’s success in Kuwait is a testimonial to the vibrancy of property market in the region, as investors are seeking out more outlandish properties to invest in. The trend is extremely encouraging to property developers like Nakheel, who are breaking new ground by offering real estate which is versatile and unique in terms of quality and value for money they offer,” said Bin Sulayem.