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Property News

17 June 2008

Zabeel has $4.9bn in projects in Dubai

Zabeel Properties, the real estate arm of Dubai-based Zabeel Investments..

11 June 2008

Emaar launches the Mansion at Burj Dubai

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13 May 2008

Cayan delivers its 2nd project at Dubai Marina

Cayan delivers its 2nd project at Dubai Marina

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Jumeirah Park

Jumeirah Park

Overview

Nakheel has launched the fourth member of its Jumeirah family: Jumeriah Park. The development joins Nakheel’s current portfolio of Jumeirah communities - Jumeirah Islands, Jumeirah Village, and Jumeirah Golf Estates. Centrally located within “new Dubai”, between Sheikh Zayed Road Interchange 5 and 6, Jumeirah Park is a secure, integrated and family orientated residential community spreading over 370 hectares. The community comprises more than 2,000 three, four and five-bedroom villas combined with expansive parks, eco-friendly green spaces and family orientated amenities. Villas are designed to meet the needs of the modern family, with an emphasis on open plan living, and include private terraces and gardens, private spacious double garages, and individual temperature controlled swimming pools for four and five bedroom villas, which will also be available for purchase with three bedroom villas. Villas range in size from 3595 sq ft to 5509 sq ft, and prices will start from AED 2.4 million. Construction is due to begin early 2007, and the project is scheduled for completion in 2009. A fully integrated community, facilities within Jumeirah Park include a childrens’ day care centre, childrens’ play area, and kindergarten through to secondary school. At the heart of the development will be a community centre, featuring a department store, bank, post office, pharmacy and cafes, as well as a shopping centre including a variety of restaurants. In addition to on-site security, there will be police and fire stations within the development, and a clinic and a hospital within a few minutes drive. There will also be a Jumaa Masjid and a number of local masjids. True to the development’s park theme, there is a strong emphasis on outdoor lifestyle. There will be jogging, walking and cycling trails as well as outdoor exercise areas, a gym, and the community clubhouse will feature tennis courts for the exclusive use of residents. The development will also include a number of eco-friendly features including hi-tech waste recycling facilities, and environmentally friendly building methods, including insulated building materials. Chris O’Donnell, Nakheel Chief Executive, said, “Each of the Jumeirah family is distinctive in identity, but what unites these developments is the combination of premier location with quality living, and Jumeirah Park is no exception. It is a project that is faithful to Nakheel’s core values – bold, innovative and with close attention to quality of detail. Jumeirah Park will be the perfect community for families looking to enjoy an integrated community at the heart of Dubai’s most desirable district.” Yousuf Kazim, Senior General Manager Jumeirah Islands, Jumeirah Village & Jumeirah Park, added “There is currently strong demand in Dubai for high-end villas situated within a family-friendly community. Jumeirah Park is a key part of meeting that demand; the villas themselves are spacious, with a flexible open plan design ensuring that residents can adapt their home to meet their family’s needs, while its excellent location means attractions such as Ibn Battuta Mall, The Palm Jumeirah, and Burj Al Arab are a short drive away. This, combined with the wealth of on-site facilities and green open spaces, means that Jumeirah Park is set to become one of Dubai’s leading residential communities.”
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