|Real Estate News|
The Golden Mile Residences
|Location||The Palm, Jumeirah|
|Completion Status||Up to 75% complete|
|Completion Date||August 2008|
THE TRUNK OF THE PALM
WHERE EVERYTHING HAPPENS - TRUNK MASTER PLAN
The Palm Jumeirah Trunk is the hub of the island. Nearly half a kilometre wide, it will feature a monorail system for the convenience of residents and guests. Here you will find five-star hotels, The Palm Tower, beaches, deluxe apartment buildings, marinas, Village Centre, restaurants, cafes and a variety of retail outlets.
And crowning all of these is The Golden Mile, the most prestigious of all elements on The Trunk.
Dubai - thrilling, vibrant and cosmopolitan. The Palm - the eighth wonder of the world. And now the Golden Mile, the premier development in the world’s most exciting location. A visionary creation combining homes, shopping and leisure facilities entirely without equal - this is the life you were meant to live.
The Golden Mile Residences will showcase 10 waterfront buildings, featuring a range of spectacular homes ranging from 1 bedroom apartments to penthouses and town homes.
This spectacular collection of approximately 780 apartments will offer unrivalled services, views, convenience and design. What’s more, you have the assurance that every detail is taken care of by a professional full service provider.
The Golden Mile Residences benefit from an extensive range of services provided by the neighbouring Palm Hotel & Resort, both of which are managed by the same internationally known hospitality operator. These include a clubhouse with member ship access, private beach, swimming pool, modern health club, children’s play ground and restaurant/cafe. Owners also have the benefit of apartment servicing, housekeeping and maintenance, maid and children services (for a nominal fee), and owners’ reception area with concierge and security. Condominium management and an owners association will provide administrative systems, rental and time share incomes.
IFA HOTELS & RESORTS
IFA Hotels & Resorts (IFA HR) is a leader in the development of premier integrated and mixed-use hotel and tourism resort projects throughout Europe, the Middle East, the Indian Ocean region and Africa
Listed on the Kuwait Stock Exchange, with a market capitalization of US$ 2 billion, IFA HR’s main shareholder is Kuwaiti based International Financial Advisors (IFA). IFA Hotels & Resorts South Africa listed on the JSE Limited on February 27, 2006.
Globally, IFA HR have entered into strategic alliances and joint venture partnerships with leading companies such as Kingdom Hotel Investment Group (Saudi Arabia), Nakheel (UAE), United Investments (Portugal), a strategic alliance with RCI (part of the Cendant’s Group), Moreland Developments (Pty) Ltd (South Africa), Boschendal Ltd. ( South Africa).
IFA HR aims to link its resorts to new parts of the globe, such as the US, the UK, Mauritius, Eastern Europe and the Far East. This will offer investors and tourists access to world class facilities through a network of hotels, residential resorts, vacation and residence club destinations.
The Palm Golden Mile development - A Joint Venture project with Nakheel, developers of The Palm, Jumeirah. A project featuring 860 luxury apartments, 19,500 sq. meters of office space and 22,000 sq. meters of retail space comprising of boutique shops and restaurants, all stretching along a 1.5 kilometre of canal side corniche.