UAE-based Palma Holding has revealed two new signature real estate projects to be launched in Dubai in 2015. The projects will cost AED 3.7 billion ($1 billion), it added.
Specialising in luxury residential and mixed-use complexes, the property company said it will commence work on the first project during the first quarter of 2015, Construction Week Online reported, adding that Palma’s project is set to become the most exclusive beachfront residential project in the emirate of Dubai, where it will be located on Palm Jumeirah. The project a mixed-use development, will comprise two and three-bedroom apartments as well as luxury penthouses.
Palma Holding CEO and co-founding partner Kareem Derbas stated that “The Emirate’s real estate market is showing sustainable stability and growth, with investors increasingly confident in the sector. Palma Holding’s strategy is to build on this existing confidence and generate even more optimism".
Set to launch during the fourth quarter of 2014, Palma’s second project is a luxury residential development in one of Dubai’s premium locations.
It is worth noting that Palma Holding had previously taken part in a non-residential development project, where it partnered with the German Association in Dubai to develop the German International School in Dubai (GISD) in the Academic City.
Specialising in luxury residential and mixed-use complexes, the property company said it will commence work on the first project during the first quarter of 2015, Construction Week Online reported, adding that Palma’s project is set to become the most exclusive beachfront residential project in the emirate of Dubai, where it will be located on Palm Jumeirah. The project a mixed-use development, will comprise two and three-bedroom apartments as well as luxury penthouses.
Palma Holding CEO and co-founding partner Kareem Derbas stated that “The Emirate’s real estate market is showing sustainable stability and growth, with investors increasingly confident in the sector. Palma Holding’s strategy is to build on this existing confidence and generate even more optimism".
Set to launch during the fourth quarter of 2014, Palma’s second project is a luxury residential development in one of Dubai’s premium locations.
It is worth noting that Palma Holding had previously taken part in a non-residential development project, where it partnered with the German Association in Dubai to develop the German International School in Dubai (GISD) in the Academic City.
Source:
Mubasher
