DUBAI - IFA Hotels & Resorts to launch US$ 1 billion Luxury Resort on The Palm Jumeirah’s Crescent

ASIATravelTips .com, 5 December 2006

IFA Hotels & Resorts, international leaders in the development of premier mixed-use hotel and tourism resort projects, is launching one of the largest projects on The Palm Jumeirah’s Crescent - Kingdom of Sheba. The resort covers 141,500 sq. metres in a prime location on The Crescent of The Palm Jumeirah, adjacent to the renowned Atlantis development.

Talal Jassim Al-Bahar, Chairman and Managing Director of IFA HR, said “This is by far our most ambitious resort development to date. Following in the footsteps of our successful projects in Dubai with over 1,800 units sold in the past three years, the Kingdom of Sheba is certain to become a significant landmark in our international portfolio.”

Al-Bahar added “The Fairmont Palm Residence, the last development we announced on The Palm Jumeirah, is already 90% sold out. The Kingdom of Sheba will be the final opportunity for investors to buy into IFA Hotels & Resorts’ developments on The Palm Jumeirah.”

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