Greg Norman's Signature Courses Attract Premium Prices As Land Sells Out
Dubai, UAE -- Land sales for the first phase of development at Jumeirah Golf Estates, Greg Norman's signature Fire and Earth golf course communities have now been completed with revenue in excess of Dhs 1 billion.
The company has sold ten land parcels, 'districts', for development of single-family residences, to local and international developers, for prices of between Dhs 189 and Dhs 240 per square foot.
Each developer will create a community of individually-designed homes within their district that blend the best of modern living with natural external environments. Beautifully landscaped, the estates will feature abundant parkland, nature strips, lakes and ponds and more than 75 per cent of the homes facing the golf courses and the remainder having lake or park views.
Throughout the districts, a sense of space has been given paramount importance and around 1,000 homes will line two of the world's most scenic Eco-Signature golf courses within the 375 hectares of this phase.
David Spencer, chief executive officer of Jumeirah Golf Estates, said:
"The two words that define these communities are space and individuality. Every home will sit in a beautiful, natural space of its own - and each will stand out on its own.
"It was critical to find the right partners. We carefully selected developers to ensure each shared, and would help meet, our vision of creating one of the world's most prestigious golfing communities. In the end, we were able to secure the right partners at the right price - a double whammy!
"The courses that are being developed by Greg Norman are stunning. Our development partners will ensure the homes that surround them complement this beautiful development."
The first homes are to go on sale on 8th November. Lime Tree Valley, developed by CHI Development Group, will release their first phase 42 forty-two luxury homes which line Greg Norman's Earth course. Jumeirah Golf Estates homeowners will be able to start moving in during 2008.
The first phase of Jumeirah Golf Estates includes 14 districts; Jumeirah Golf Estates has retained the remaining four districts for development itself, the resultant homes will be available for sale late this year.
Later phases of development will include the Water course, designed by Vijay Singh, and Wind, which will also be designed by a world-renowned designer - to be announced soon.
The courses will be focused around the Norman Clubhouse, which will combine the best in golfing facilities, including an ultra-modern practice facility and golfing academy, with pools, tennis courts, restaurants - and a wellness centre offering a variety of massage and spa treatments.
About Greg Norman Golf Course Design
First established in 1987 in Sydney, Australia, Greg Norman Golf Course Design is today recognized as one of the premier signature golf course design firms. Now headquartered in Jupiter, Florida, with sister facilities and personnel in Sydney, GNGCD has opened 57 courses for play worldwide, with an additional 50 projects in various stages of development. GNGCD also has projects in Mexico, Korea, China, Australia, South America, Dubai, Poland and Spain. Greg Norman has long held an environmentally friendly position throughout the design and construction of his golf courses adhering to a least-disturbance approach that focuses on every opportunity to incorporate unique existing site features into the layout of the golf course. This design mentality has led to Norman's appointment as Chairman of the Advisory Council for the Environmental Institute for Golf.
