Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DUBAI, UAE-Marina Residences, a six-tower residential component of the major Palm Jumeirah mixed-use scheme here, will start filling up in April, according to local developer Nakheel. The six towers contain 940 units and an additional 40 are townhouses located on the property’s marina.

The announcement comes during some rough news in the area. According to a recent report, about $263 billion Dubai projects have been put on hold or cancelled. One of those is the $38 billion Nakheel Skysraper, which is proposed at nearly 4,000 feet and would be the world’s tallest.

Despite these setbacks, Nakheel executives are expecting residential projects besides Marina Residences to begin filling up in the next two years. Those include 2,200 units at Jumeirah Villages and some of the 2,000 properties at Jumeirah Park.

Late last year Nakheel opened Atlantis, a resort on Palm Jumeirah. It features nearly 1,400 guest rooms, 17 restaurants and bars and a water-themed amusement park.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.