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Dubai To Build First Tropical Rain Forest Project In The Middle East.
Dubai’s renowned developer Damac plans to create tropical rain forest in Dubai. This will be the first tropical rainforest in the Middle East which will further attract tourist. The exclusive project will be situated within the company’s AKOYA Oxygen master development community and will be adjacent to the Trump World Golf Clubhouse…
Bollywood star plans to purchase the man made island and this will be utilised as a private resort.
This property has allured a lot prospective investors from Iran, Pakistan and Russia.
The Bollywood star also said that there was been on conversation with another Bollywood film star who wanted to buy it for private use.
As stated by Bollywood film star this can be for private or resort use, and want to own it independently.
During the property downturn in Dubai almost half of the properties was stalled and also the prices dropped by up to 60 percent. The World consists of 300 artificial Islands and its construction began in 2003 and completed in 2008.
Nakheel as stated last year said that there would be preparing to build a new road which will be a link to the mainland to the islands, this is about 4 km off Jumeirah Beach, on the other side the Kleindienst Group began construction on the amidst of Europe, this was after agreeing with decision with Nakheel subsidiary The world LLC for AED622m last year.
Agents selling the island said that their selling were between 150,000-180,000sqm and all of them has development approval for residential villas and hotel resorts.
As stated by real estate agent the market is on demand and the world might seems to be in crisis but Dubai on flourishing, this period is very prospective due to Expo 2020 and there is lot of investor and this development is one of kind.
Another island lately advertised for sale was for 393,739 sq. ft island is situated in the Asia area is presently advertised with value of AED110m, the investors will be required to make a down payment along with a AED80m to Nakheel.
As per the advertisement by a real estate, this project has the development permitted for 10,000 sqm hotel comprising restaurant, spa, shopping mall, night club and 42 rooms.
An individual residential complex of 37,000 sqm featuring villas and apartments is also permitted.
Another 152,000 Pearl Island is also advertised on property portals for AED12.61m.
Permitted for mixed use development of G+3 floors, buyers can construct apartments, resort, villas, restaurant and hotel as stated by a real estate agent this was the only island with permission of 17 plots around 1900 sqm.
The real estate agent says that there was immense interest from Pakistan and India and also from local investors.
Nakheel has got preparations for two new shopping malls which will be spread across an area of 1.5 million Sq.ft retail area in Dubai.
The Dubai developer disclosed few plans of their new development in which the mall in Jumeirah Village Circle on a covered area of 500,000 Sq.ft and regional shopping mall on an area of 1 million sq ft.
The regional mall will comprise of entertainment area, 80,000 sq ft hypermarket, 15 screen cinema, restaurants, department stores, 15 screen cinemas and selection of retailers and cafes.
The mall will serve up its surrounding Nakheel communities Jumeirah Park, Al Furjan, Jumeirah Village, Al Barhsa and areas close by
Nakheel further added that their second shopping mall which is situated in Jumeriah Village Circle will consist of retails, cafes and restaurants cinemas and supermarket.
Jumeriah village will be capable of accommodating around 300,000 people once the development is completed.
Retail development is key to our business scheme and implementing novel services and conveniences to our district is one of our top main concerns. New shopping malls will additionally boost new Dubai and offer thrilling new exciting place for Dubai’s residents and tourist.
Designers are going to be in charge of these new malls in a short time, there are numerous Nakheel retail developments which are on their way.
The developer is building Nakheel mall as well and will be located at Palm Jumeirah, Deira islands will also be catered with a Mall extensions to Dragon Mart and Ibn Battuta and a numerous of region shopping centres in its communities.