Property description
Property Reference No: NRE-R-1879
Palm Jumeirah, Kempinski Palm Residence
2 Bedroom
Size: 1800 sq. ft.
Gold Package
Vacant
Sea View
For Sale: AED3,800,000
For Inquiries please call Anjelika 055 5544288
BRN 2487
Office: 052 9995255 / 043466252
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For more property listings visit:nadiapro.com
Kempinski Hotel & ResidencesPalm Jumeirahare the first residences to open on the crescent of Palm Jumeirah inDubai. The project was due to open in 2009, however has been delayed due to the economic down turn.[1]The property began construction in 2006.[2][3]
The operating company of the residences isKempinski Hotelsof Germany. It will be the third property of Kempinski in theUnited Arab Emirates, however it will be the first property on the beach inDubai.
"The Residences have been one of the most successful projects in the UAE, with the some of the highest prices achieved for property on Palm Jumeirah"[3]
In March 2010 it was claimed that Luxury Palm homes project saw 'zero defaults'[4]in their development, which was sold pre-crisis and continued development during the recession. More than 240 residential units were sold as part of the US$500 million (Dh1.83 billion) project at the peak of Dubais property boom between 2007 and 2008, when a beach-front villa on Nakheels Palm Jumeirah could fetch about Dh16m.[5]
Property Features :
- Fully fitted kitchen
- Children's play area
- Balcony
- Shared swimming pool
- Restaurants
- Bank/ATM Facility
- Shops
- Fully furnished
- Central air conditioning
- Basement parking
- Gymnasium
- Broadband ready