FTV Palace

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FTV Palace

Postby shawarma » 07 May 2008, 23:58

  • Property name: Fashion TV Palace (FTV Palace) - see also FTV resort on Brunei (update - both resorts denied, see next post)
  • Development: The World by Nakheel
  • Location: Finland island
  • Emirate: Dubai
  • Completion date of construction (expected or actual):
  • Completion date of construction (scheduled): 2011
  • Start date of construction:
  • Project value: AED 2.4 billion together with FTV resort on Finland island.
  • Area (size):
  • Developer: Salya Corporation
  • Consultants:
  • Architect / Designer:
  • Project manager:
  • Construction firm:
  • Main/exclusive sales agent:
  • Apartment types (studio, # bedrooms): hotel suites - fully furnished
  • Number of floors:
  • Car parking: no cars on The World islands
  • Villa types: villas, waterfront homes
  • Foreign / Expat Ownership: freehold presumed but may be hotel resort only
  • Residence visa included for expats: presumed yes if freehold property available for purchase
  • Payment Plan:
  • Mortgage finance from:
  • Unit sizes (excluding/including balcony):
  • Unit prices (Original Price / OP):
  • May 2008 prices:
  • OP per square foot: AED 9175 ($2500) - approximate, sales not launched yet?
  • May 2008 price per square foot: AED 9175 ($2500)
  • Telephone:
  • Website:
Other facilities and information

All information thus far from a report by Hamed Al Sewerky in the Emirates Business 24-7 newspaper (not available online at the time of posting). As the DIrector of Salya Corporation, Dr Rakesh Chandola was quoted in the article, information is assumed to be accurate.

Salya Corporation were reported to have paid AED 800 million for both the Brunei and Finland islands, and are planning to spend a further AED 2.4 billion to develop both islands into Fashion TV based developments. Brunei to be a Fashion TV resort (FTV resort), and Finland to be a Fashion TV community (FTV palace).

Chandola said Finland Island will be turned into a fashion community – FTV palace – and will host an exclusive boutique project of fully furnished hotel suites, villas and water front homes.

There's already a fashion island planned for The World - Isla Moda on Greenland, which was announced in January 2008. So it looks like The World will become a very fashionable place to live. So to speak...

DubaiFAQs.com pages with related information


Please reply to this topic with relevant information and this first post will be updated. If quoting this post, please remove unnecessary information. Thanks :)

In general, for all UAE property developments, information given here is usually based on information supplied from press releases, media reports, company marketing, and may not be independently confirmed. Unit sizes are unlikely to be vastly different but layout and design could change. Actual completion date could be months or even years later than promised delivery dates.
Please use the forum for questions, not the PM system.
shawarma
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Posts: 3451
Joined: 27 Sep 2007, 00:39

No FTV Palace

Postby shawarma » 08 May 2008, 00:27

It turns out that initial report was wrong, according to another source. Both quote statements from Salya - one says yes, the other says no.

Salya fashion resort denied - ArabianBusiness.com article summary
Please use the forum for questions, not the PM system.
shawarma
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Posts: 3451
Joined: 27 Sep 2007, 00:39


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