The first properties on The Palm Jumeirah are available to buy in more than four years after Nakheel revealed the sales launch of the Marina Residences. At the doorstep of each tower in the Marina is Anchor Marina, one of Dubai’s largest marinas with berths for more than 700 vessels and world-class facilities.

Anchor Marina will be operated by Island Global Yachting (IGY), the leading marina company who have designed, developed and operated marina projects in North and South America, the Caribbean, Europe, Asia, Africa and the Middle East.
As the company stressed, residents of The Palm Jumeirah will have first refusal to long-lease a private marina berth in front of their homes giving exclusive and prime access to the marina.

Manal Shaheen, Nakheel Director – Sales, Marketing & Customer Service, said: “Owning a residence on The Palm Jumeirah means being part of the world’s most iconic real estate development – a development that has attracted the attention of the world with its sheer scale, beauty and innovation. Featuring exceptional unit layouts and balconies surrounded by calm, azure waters, year-round sunshine and exceptional waterfront views, Marina Residences offers high-rise living at Dubai’s most sought after address. Access to the marina’s clubhouse and the finest marina leisure facilities will allow residents to live the Riviera lifestyle providing the ultimate waterfront lifestyle experience.”

Chris O’Donnell, Nakheel Chief Executive, said: “When 4,000 villas and apartments on The Palm Jumeirah went on sale in 2002, they sold out in just 72 hours; Marina Residences offers buyers the first opportunity to buy on the island in more than four years and we expect demand to be high. The success of the Shoreline Apartments has already proved that The Palm Jumeirah is Dubai’s most sought after address with buyers often seeing premiums of 120%, sometimes even 300%. We believe this is a ringing endorsement by the market of the quality of product that has already been delivered.”

Construction of Marina Residences is making rapid progress and properties are expected to be handed over to residents at the end of 2008.