The mystery of Palm Deira unfolds
The announcement that changes are to be made to the design of Nakheel's Palm Deira, its third and largest offshore island development, has been a long time coming.While the first residents of the Palm Jumeirah have moved into their homes, and construction of the Palm Jebel Ali is well underway, rumours have surrounded the status of the Palm Deira for well over a year now, leading many in the industry to question whether the ambitious project - and the largest reclamation job in the world - will actually go ahead.First of all there was the protest from Sharjah that the island would encroach its territorial waters, which apparently prompted changes to the project's orientation by a couple of degrees, as well as its height.
Then there was talk that the development simply hadn't attracted enough people to buy many of the 8,000 proposed villas ‘off-plan', and that those who had already bought into the project were invited to transfer their investment to other Nakheel ventures.Of course, the developer has vehemently denied that there are any strange goings-on, and that the development is on line for completion by the end of 2013.It's not yet known whether the Palm Deira's re-launch in May will be linked to high-profile Premiership footballers, property magnates or even the Jolie-Pitts, but it's good to hear that when the project is eventually completed, its inhabitants will have an adequate supply of water as well as be able to move on and off the island relatively smoothly. There will also hopefully be enough space for them to entertain guests in their back garden. Not much to ask after investing thousands of dollars on a waterfront home, one might think.Changes in design tend to affect most construction projects, especially those with truly unique ultimate targets. It was only a few weeks ago that Nakheel announced last-minute alterations to the trunk of the Palm Jumeirah, which will now feature a landscaped park as opposed to a canal.One can only hope that the changes to be announced in May will be a true reflection of what investors are actually buying into. Source
Then there was talk that the development simply hadn't attracted enough people to buy many of the 8,000 proposed villas ‘off-plan', and that those who had already bought into the project were invited to transfer their investment to other Nakheel ventures.Of course, the developer has vehemently denied that there are any strange goings-on, and that the development is on line for completion by the end of 2013.It's not yet known whether the Palm Deira's re-launch in May will be linked to high-profile Premiership footballers, property magnates or even the Jolie-Pitts, but it's good to hear that when the project is eventually completed, its inhabitants will have an adequate supply of water as well as be able to move on and off the island relatively smoothly. There will also hopefully be enough space for them to entertain guests in their back garden. Not much to ask after investing thousands of dollars on a waterfront home, one might think.Changes in design tend to affect most construction projects, especially those with truly unique ultimate targets. It was only a few weeks ago that Nakheel announced last-minute alterations to the trunk of the Palm Jumeirah, which will now feature a landscaped park as opposed to a canal.One can only hope that the changes to be announced in May will be a true reflection of what investors are actually buying into. Source
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