Prices in the Emirates jumped to adjust in line with the global rates of the yellow metal
Located off the Palm Jumeirah eastern side of the trunk, the project enjoys easy access from Shaikh Zayed Road and is in close proximity to the already popular shoreline and marina residences.
The townhouses will form a distinct community that will complement Palm Jumeirah’s existing residences, consisting of just 104 properties.
With villa prices starting at Dh6 million up to approximately Dh8 million, the townhouses are designed in a Mediterranean style forming a separate gated community that has been designed in a more contemporary architecture.
Ali Rashid Lootah, Chairman of Nakheel, said, “We are looking forward to the opening day sales of Palma Residences, these sales will be a clear ‘seal of approval’ from the market recognising both what Nakheel has already achieved, and will continue to achieve in the future: bold, innovative, and visionary projects that meet our customers’ needs.”
Broad terraces, generous balconies and the special use of glass offer the opportunity to enjoy magnificent views of the Palm’s stunning shoreline.— business@khaleejtimes.com
Prices in the Emirates jumped to adjust in line with the global rates of the yellow metal
Among the other variants of the yellow metal, 22K opened at Dh216.5 per gram, 21K at Dh209.5 and 18K at Dh179.5 per gram
The US dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.04 per cent to 101.88
Four free zones entities and two special purpose acquisition companies are in the process of listing on the local markets
Markets still see a 25-bp hike in February and rate cuts from September, and gold is enjoying the perceived less-hawkish Fed, says expert
Forex traders expect the rupee to trade with a slight negative bias on global economic concerns
The yellow metal prices fell nearly two dirhams at the opening of the markets on Wednesday
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.49 per cent to 102.88