Jumeirah Lake Towers plots now ‘100 per cent sold out’

Jumeirah Lake Towers plots now ‘100 per cent sold out’

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By  Colin Foreman Published  August 7, 2004

Nakheel has announced that 100% of the tower plots have been sold at Jumeirah Lake Towers. Furthermore, construction work is well underway at the site, with the first developers laying foundations for towers on the plots they have acquired. “We have seen a high demand for ambitious residential and commercial developments in Dubai and our projects have generated huge amounts of interest. Water is the unique theme behind Jumeirah Lake Towers. The entire project will be surrounded by lakes, waterways, waterfalls and breathtaking landscapes,” said Sultan Ahmed bin Sulayem, executive chairman, Nakheel. “Sea water will be pumped into the project’s waterways every day through underground pipes from the Arabian Gulf. This dynamic water-flow will ensure that the water does not become stagnant. Nakheel has once again redefined the concept of city living by providing a natural-feel to the area,” he added. Plots on Jumeirah Lake Towers have been offered for purchase since last year. The project is open to investors of all nationalities regardless of whether they are residents of Dubai or not. The plots are purchased on the provision that each investor will construct a tower on each plot, to be used for residential, commercial or retail purposes. Each property developer will adhere to strict guidelines in order to maintain the theme and concept behind the project. “ Jumeirah Lake Towers is the first series of high-rise waterfront commercial towers in Dubai. In addition to commercial towers, the project will also feature a number of residential towers. The project will be a convenient and fully-facilitated ultra-modern development with panoramic views and surroundings, making it the ideal place to live and work in the area,” said bin Sulayem. Each plot available has a land area of 33 m x 50 m and is offered to the investor with freehold ownership. Developers can select from three types of towers. The first will have 35 floors; the second 40 floors, and the third 45. Overall, the development consists of 26 clusters, each with three towers. The Feature Islands within the waterways will have restaurants, with community events being held throughout the year. In addition, an impressive 55-storey tower will form the central attraction of the entire community and will house a hotel, a gold and diamond centre, which is managed by DMCC (Dubai Metals and Commodities Centre), and offices that will serve as the corporate headquarters for the entire project.

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