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UAE's Nakheel launches Palma Residences project  Join our daily free Newsletter

MENAFN - 12/04/2012

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(MENAFN) Nakheel's chairman, Rashid Ali Lootah, said that the company launched its Palma Residences luxury project on the Palm Jumeirah, reported Gulf News.

Lootah added that the project, which was expected to take almost 18 months to complete, is Nakheel's first major project after restructuring.

He also said that 30 units of the residential development had already been sold at a combined value of nearly USD60.70 million.

Moreover, prices for Palma Residences range from USD1.63 million to USD2.17 million.

It is worth noting that Palma Residences project is located on a 61,000 square meter area of reclaimed land off the eastern side of Palm Jumeirah's trunk.

 






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