Nakheel has commenced work on the installation of two marinas in the Anchor Marina of The Palm Jumeirah.

Promoting a waterfront lifestyle and providing world class marina facilities is a core focus of The Palm Jumeirah. The Anchor Marina will provide 582 berths and is a central component of achieving this vision.

The pontoons, which are located on the head of trunk on both the east and west side, will be installed by the end of November. The marinas are due to open mid 2008, with the marina Clubhouse opening in late 2008. It will house administrative offices, restroom, a café and restaurant, and some yachting-related shops and offices. The two marinas will be connected by a tunnel that passes beneath the Palm’s spine road. The residents have first right of refusal to purchase berths at the marina.

Chris O’Donnell, Nakheel CEO, said:

‘Since its launch in 2001, demand for property on The Palm Jumeirah has been exceptional and Marina Residences has been no different. Not only offering top class facilities and an attractive waterfront lifestyle, Marina Residences is now offering the opportunity for residents to moor their own boats on The Palm Jumeirah.’

Wayne Lowery, Island Global Yachting (IGY) Marketing Manager, said:

“‘Anchor Marina is ideally located at the heart of the extraordinary Palm Jumeirah. At Anchor Marina we offer much more than merely a place to leave your boat - we provide a world-class yachting destination. Our extra wide and stable concrete pontoons will provide an unprecedented level of comfort for our marina guests - a first in the UAE.”

Once complete, Marina Residences development will boast 940 two and three bedroom apartments and penthouses and a further 40 townhouses. Residents will be able to enjoy panoramic views of the Arabian coast and access to a wealth of attractions and facilities on The Palm Jumeirah, such as the QE2, Atlantis, the luxury marinas and the purpose-built theatre for Cirque Du Soleil.

The marinas on The Palm will be a key element of helping promote marine transportation along the entire Dubai coastline, and creating sufficient marina capacity for Dubai and its new shoreline developments. IGY and Nakheel are developing 1,500 berths on The Palm Jumeirah.
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