FINANCIAL NEWS

Nakheel to establish 192 studio apartments on Palm Jumeirah

22 May 2012

(MENAFN) Nakheel’s chairman, Ali Rashid Lootah, stated that by the end of 2012, the company will establish 192 studio apartments on the Palm Jumeirah, reported Gulf News.

Lootah said that Palm Views project is comprised of two buildings that would include the apartments, which will be sold for USD272 million.

Moreover, he added that demand for these kinds of projects is high, especially among young people, due to their competitive price.

It is worth noting that the project is located at the Palm Jumeirah’s east and west marinas, and includes fitness club, a number of eateries and shops, in addition to a ground-level parking.

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