Kempinski Residences Palm Jumeirah

Last updated
Kempinski Hotel & Residences Palm Jumeirah
General information
Location Dubai, United Arab Emirates
OpeningSeptember 2011
Management Kempinski
Technical details
Floor count7
Design and construction
Architect(s) Atkins (company)
DeveloperEPG Hotels & Resorts
Other information
Number of suites244 [1]
Number of restaurants2
ParkingHotel valet parking and residents' private parking
Website
www.kempinski.com/palmjumeirah

Kempinski Hotel & Residences Palm Jumeirah are the first residences to open on the crescent of Palm Jumeirah in Dubai. The project was due to open in 2009, however has been delayed due to the economic down turn. [2] The property began construction in 2006. [3] [4]

Contents

The operating company of the residences is Kempinski Hotels of Germany. It will be the third property of Kempinski in the United Arab Emirates. However, it will be the first property on the beach in Dubai.

"The Residences have been one of the most successful projects in the UAE, with some of the highest prices achieved for property on Palm Jumeirah" [4]

In March 2010, it was claimed that Luxury Palm homes project saw 'zero defaults' [5] in their development, which was sold pre-crisis and continued development during the recession. More than 240 residential units were sold as part of the US$500 million (Dh1.83 billion) project at the peak of Dubai's property boom between 2007 and 2008, when a beach-front villa on Nakheel's Palm Jumeirah could fetch about Dh16m. [6]

See also

Notes

  1. "EPG Hotels - Home". Archived from the original on 2019-07-01. Retrieved 2019-07-01.
  2. "Error".
  3. "Sparkling Emerald Palace Residences launched for the Crescent, Palm Jumeira | Emerald Residence Group". AMEinfo.com. 2006-08-31. Archived from the original on 2011-06-06. Retrieved 2010-02-23.
  4. 1 2 "Palm Jumeirah still attracting high demand and prices". Offplanpropertyexchange.com. 2009-03-16. Archived from the original on 2011-10-08. Retrieved 2010-02-23.
  5. "Luxury Palm homes project sees 'zero defaults'". ArabianBusiness.com. Retrieved 2018-05-29.
  6. "The National - Latest US news, sport & opinion".

Related Research Articles

<span class="mw-page-title-main">Palm Islands</span> Man-made islands in Dubai, United Arab Emirates

The Palm Islands consist of three artificial islands: Palm Jumeirah, Deira Island, and Palm Jebel Ali, on the coast of Dubai, United Arab Emirates. The Palm Islands were constructed around the same time as The World Islands. Nakheel Properties is the real estate developer of the Palm Islands. The creation of the islands began in 2001 and ended around 2006/2007. These islands have significantly impacted ocean sediment and wildlife in the surrounding area.

<span class="mw-page-title-main">The World (archipelago)</span> Artificial archipelago in Dubai, UAE

The World Islands are an archipelago of small artificial islands constructed in the shape of a world map, located in the waters of the Persian Gulf, off the coast of Dubai, United Arab Emirates. The World Islands are composed mainly of sand dredged from Dubai's shallow coastal waters, and are one of several artificial island developments in Dubai. The World's developer is Nakheel Properties, and the project was originally conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. The construction was done by two Dutch specialist companies, Van Oord and Boskalis. The same companies also created the Palm Jumeirah.

<span class="mw-page-title-main">Nakheel Properties</span> Property development company in Dubai

Nakheel Properties is a real estate development company based in Dubai, United Arab Emirates. The formal name of the company is Nakheel PJSC and it was a subsidiary of Dubai World and a private state-owned enterprise.

<span class="mw-page-title-main">Dubai Marina</span> Community in Dubai, United Arab Emirates

Dubai Marina, aka Marsa Dubai, is a district in Dubai, United Arab Emirates. It is an artificial canal city built along a 3-kilometre (2 mi) stretch of the Persian Gulf shoreline. As of 2018, it has a population of 55,052. When the entire development is complete, it will accommodate more than 120,000 people in residential towers and villas. It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet City, Dubai Media City, and the American University in Dubai. The first phase of this project has been completed. Dubai Marina was inspired by the Concord Pacific Place development along False Creek in Vancouver, BC, Canada.

<span class="mw-page-title-main">Palm Jumeirah</span> Humanmade archipelago in Dubai, United Arab Emirates

The Palm Jumeirah is an archipelago of artificial islands on the Persian Gulf in Jumeirah, Dubai, United Arab Emirates. It is part of a larger series of developments called the Palm Islands, including Palm Jebel Ali and Palm Deira, which, if completed, will together increase Dubai's shoreline by a total of 520 kilometres (320 mi). It has an estimated population of at least 10,000 as of 2017.

<span class="mw-page-title-main">Nakheel Tower</span> Planned skyscraper

Nakheel Tower was a planned skyscraper on hold in Dubai, United Arab Emirates by developer Nakheel. The project was previously called Al Burj.

<span class="mw-page-title-main">Jumeirah (hotel chain)</span> Dubai-based international luxury hotel chain

Jumeirah Hotels and Resorts is an Emirati state-owned luxury hotel chain. The Jumeirah Group was created in 1997 and became part of the Dubai Holding in 2004, which is Sheikh Mohammed bin Rashid al-Maktoum's personal corporate portfolio. Professional golfer Rory McIlroy was the company's global ambassador from 2007 to 2012.

<span class="mw-page-title-main">Trump International Hotel and Tower (Dubai)</span> Proposed hotel and residence tower in the UAE

The Palm Trump International Hotel & Tower was a proposed skyscraper hotel and residential complex at the trunk of the Palm Jumeirah in Dubai. It was a joint venture between the Trump Organization and Dubai-based Nakheel, a government-owned company, and was announced on October 5, 2005. This building and other prestigious building projects throughout Dubai in late 2008 were never built, largely as a result of the global credit crunch.

The Dubai government took a decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism-oriented has made real estate and other developments more valuable, resulting in a property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or will be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are operating in Dubai. Due to the burst of construction, Dubai has acquired various building-related records, which include: the world's tallest tower, the world's largest shopping mall, the world's largest fountain and the world's tallest hotel. Also under construction is Dubailand, which will be almost twice the size of the Walt Disney World Resort.

<span class="mw-page-title-main">Al Fattan Marine Towers</span> Residential (Tower 1), Hotel (Tower 2) in Dubai, U.A.E.

The Al Fattan Marine Towers is a complex in the Dubai Marina section of Dubai, United Arab Emirates. The towers are located within Jumeirah Beach Residence, a 40-tower, 7,000 unit residential and hotel development which runs alongside Dubai Marina. The Al Fattan Marine Towers consist of two twin 50-story towers, the Al Fattan Tower, and the Oasis Beach Tower, consisting of serviced and residential apartments which have since been sold to individual investors and homeowners. Both towers stand at a height of 245 m (804 ft) and a roof height of 230 m (755 ft), and are the tallest buildings in Jumeirah Beach Residence. Construction of both towers was completed in 2006. Following completion the developer, Al Fattan Properties LLC built a 12-storey office and retail building on an adjacent plot between the towers and Dubai Marina restricting views of the marina from the towers. In 2012 Al Fattan commenced construction of two high-rise towers on the beach in front of the towers which will largely restrict seaviews from Al Fattan Marine Towers. Al Fattan had earlier demolished a 10-story hotel on the site, the Oasis Hotel, which it had built about a decade earlier. Originally Al Fattan proposed to build a mega 97-tower building on the site to be called Burj Al Fattan, however a subsequent decision was made to split the development into two high-rise towers. The exact number of floors is not known as there has been no public disclosure of the project.

<span class="mw-page-title-main">Jumeirah Beach Residence</span>

Jumeirah Beach Residence is a 1.7 kilometres (1.1 mi) long, 2 square kilometres (0.77 sq mi) gross floor area waterfront community located on the coast of the Persian Gulf in Dubai Marina in Dubai, United Arab Emirates. It is a residential development and contains 40 towers. JBR can accommodate about 15,000 people, living in its apartments and hotel rooms. The Project has 6,917 apartments, from 900 sq ft (84 m2) studios to 5,500 sq ft (510 m2) penthouses. JBR has a total of six residential blocks, Shams, Amwaj, Rimal, Bahar, Sadaf and Murjan. JBR is within walking distance to Dubai Marina, Dubai Tram and Dubai Metro.

<span class="mw-page-title-main">Istithmar World</span> A subsidiary of Dubai world

Istithmar World ("istithmar" for "investment" is an investment firm based in Dubai, United Arab Emirates. This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Originally known as "Istithmar," the company was renamed as "Istithmar World" in 2008.

<span class="mw-page-title-main">Palm Jumeirah Monorail</span>

The Palm Jumeirah Monorail is a monorail line on the Palm Jumeirah island in Dubai, United Arab Emirates. It is operated by the UK based Serco. The monorail connects the Palm Jumeirah to the mainland, with a planned further extension to the Red Line of the Dubai Metro. The line opened on April 30, 2009. It is the first monorail in the Middle East.

Zabeel Investments is the personal investment vehicle of Sheikh Hamdan bin Mohammed al Maktoum, Crown Prince of Dubai and chairman of the Dubai executive Council.

<span class="mw-page-title-main">Al Furjan</span> Property development and neighbourhood in Dubai, UAE

Al Furjan is a property development in Jebel Ali, Dubai, United Arab Emirates. Nakheel Properties heads the development and Azizi Developments owns the largest number of residential buildings. It borders Jebel Ali Village and is near Ibn Battuta Mall, the Gardens, and Expo 2020. Homes in Al Furjan are typically built in Al Hejaz, Dubai, or Quortaj styles.

Kabir Mulchandani is an Indian-born, Dubai-based real estate and hospitality businessman and philanthropist. He is the founder and Chairman of FIVE Holdings, which includes FIVE Hotels and Resorts; FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE Zurich and FIVE LUXE, JBR. He is ranked as one of the Richest and Most Powerful Indians in the Persian Gulf region. He is ranked number 24 on the Top 100 Travel and Tourism leaders of 2023 by Forbes Middle East.

<span class="mw-page-title-main">Bluewaters Island</span> Artificial island in Dubai, United Arab Emirates

Bluewaters Island is an artificial island 400 metres (1,300 ft) off the Jumeirah Beach Residence coastline, near Dubai Marina, in Dubai, United Arab Emirates.

<span class="mw-page-title-main">Nakheel Mall</span> Shopping mall, in Dubai UAE

Nakheel Mall is a retail, dining and entertainment shopping mall that is located at the heart of Palm Jumeirah in Dubai, United Arab Emirates. Nakheel is an Arabic name that means 'date palm trees' in English.

References