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Dubai United Arab Emirates
Nakheel plans to develop a new real estate project in Dubai called Palm Springs in exchange for the Palm Jebel Ali, and the project will include independent villas and townhouses, according to preliminary information seen by the «Masdar Real Estate» platform, while the details of the project and estimates of its prices and spaces remain pending the official announcement from the developer.
According to the information available so far, the project is expected to be located in the first Hassian area of Jebel Ali, opposite the Jebel Ali Palm and adjacent to Sheikh Zayed Road, and to provide units ranging from 3 to 5 bedrooms, at estimated prices starting from about $1.03 million (3.8 million dirhams).
Townhouses
Preliminary estimates indicate that the project may include 3-bedroom townhouses with approximately 2500 square feet, and 4 bedrooms with about 2800 square feet.
The expected start prices for townhouse options range from $1.03 million to $1.06 million (AED 3.8 million and AED 3.9 million).
Independent Villas
Palm Springs is expected to include four-bedroom freelance villas with about 4,500 square feet, and 5 bedrooms with about 5,600 square feet, with an estimated start price of about $2.18 million to $2.45 million (8 million and 9 million dirhams).
These details are based on preliminary marketing data seen by the Real Estate Source, and prices, spaces and types of units remain subject to confirmation from Nakheel, pending the official announcement of the project and its specifications.
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