The advertisement describes a residential/commercial plot of land for sale in Al Nakheel 2. It boasts an excellent location with a Corniche view, making it a valuable investment, especially for those seeking land to develop a residential, commercial, or hotel project, depending on the available permits.

The land area is 4,219 square feet, and the permit allows for a ground floor plus four stories. The advertisement also states that the land has a building permit for a project comprising four two-bedroom apartments, nine one-bedroom apartments, four studios, two mezzanine offices, and one retail shop. Therefore, according to the permit details, the project will consist of 17 residential units in addition to the offices and retail shop.

An additional advantage is the possibility of obtaining a permit for hotel apartments or a hotel. However, this means that applications for such permits are possible, and a hotel license may not be currently available. Therefore, it is advisable to verify this with the relevant authorities before purchasing.

The asking price is AED 2,100,000 (two million one hundred thousand dirhams). The advertisement did not specify payment details or whether the price was negotiable.

Generally, the land is suitable for those seeking real estate investment in a prime location in Palm Jumeirah 2, particularly due to its Corniche view, land area, permitted building height, and the existence of a building permit for a project comprising numerous residential units, as well as shops and offices. Before finalizing the purchase, it is crucial to verify the permit, plans, classification, and the availability of official hotel licensing.

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Land for sale in Al Nakheel 2 / Area 4219 sq ft /

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