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Thu 25 Sep 2008 06:08 AM

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$195mn scheme revealed for Palm Jebel Ali

Luxury homes project is first for manmade island to be approved by real estate regulator.

Developer Kaizen Developments has released details of a $195 million luxury residential scheme on the Palm Jebel Ali – the first development on the manmade island to be approved by Dubai’s Real Estate Regulatory Agency (RERA).

Construction of Equinox Residences, one of only two developments on Palm Jebel Ali to be approved by master developer Nakheel, is expected to be completed for occupancy by December 2010.

Made up of 21 floors of one to four-bedroom apartments, each with sea views and its own allocated parking, Equinox has direct beach access and includes luxury facilities such as smart home technology, designer kitchens, home theatre systems, on-site nutritionists, fitness trainers, concierge and chauffer car services.

The project will be launched for sale at Cityscape 2008, before construction gets underway in the first quarter of 2009.

“Equinox Residences will add to the breadth and depth of developments offered from Kaizen and will become a shining example amongst our diverse and international portfolio,” said Amir Salam, managing director for UAE-based Kaizen Developments.

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