23rd January 2008
IFA Hotels & Resorts (IFA HR) has today (Wednesday 23rd January) handed over keys of the first-ever freehold residential buildings on the iconic Palm Jumeirah to its customers.
The company report that a number of British property purchasers are amongst the new 250 homeowners of the two bedroom apartments on The Palm Residence, a freehold serviced development, located on the trunk of the island.
IFA HR Vice-President for Asset Management Patrick Smith said in statement: “The Palm Residence is the first of our residential developments in Dubai to be delivered to our customers, a key milestone for our company. We are delighted to be partnering with Fairmont Hotels & Resorts, who have been appointed as the managers of the building and will be responsible for providing the highest of standards to our homeowners.”
Smith added: “As the next year and a half will see us handing over more than 1,600 residential units in Dubai, this handover of The Palm Residence to our first customers represents the start of great things to come for our company.”
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