Dubai’s Nakheel will build 170 new apartments on its flagship development Palm Jumeirah as part of a new project called Azure Residences, the firm said on Monday.
Construction work on Azure Residences, located on the eastern shoreline at the base of the Palm’s trunk, is expected to begin mid-2013 and be completed within two years, the developer said in a statement.
The beach-front development will feature 140 one-bedroom apartments priced at AED2.3m (US$626,000) and 30 two-bedroom units priced at AED4.2m.
The announcement follows two weeks after the government-owned developer said it would build 33 studio apartments as part of a new project called Club Vista Mare, also on the Palm Jumeirah. Nakheel said the project has since sold out.
Read more: http://www.arabianbusiness.com/dubai-s-nakheel-launches-new-palm-project-490823.html
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