Sell Palm Jumerah Land to Build hotel Resort

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Palm Jumerah - Beach Resort
the world largest man made Island in the shape of Palm tree. Jumerah Palm has edge over other two Palms eg. Deira Palm and Jabil Ali Palm due to following features;
1. Centrat palm close to world famous . Burg Al Arab Hotel. Jumerah Beach Residence , Dubai Marina, International City of Dubai and many more
2. Opposite the Two World largest Shopping Malls eg. Emirates Mall and Ebne Batotta Mall
3. 5 minute drive from world biggest Airport ( Costruction hasbeen Started) Terminal -4 of the Dubai International Airport.
4. Right in the mouth of Jumerah Palm are Dubai V V I P residential Areas.
Land Location; I have got two land Measiring 507,174 sq ft located at lower 1/3 of the outer circle ( Right Cresent) with permissiom to build 300 water front villas each of 5 stories over world largest man made Island-Jumera Palm

Land proposed for the Jumerah Beach Resort is Located at Right Cresent of the Palm

Land Area ; 507174 sq ft
Gross Construction area; 887.556 sq ft
Sellable Area; 798,804 sqft

Cost of Land = US$ 26 .4 Millions
Brokage Fee= 3 % of purchase price)
Consultancy Fee = US$ 2.0 % of purchase Price)

Cost of Construction
Total Ground floor Area (GCA) ; 887,556 sq ft
Govt permission to Build 5 floors and 300 units

Rates of construction ; AED 280 / sq ft t
Total Cost Of Construction; US$ 62.28 Millions

Architech Design and consultant US$ 7.41 Millions (5% of the building cost)

Land scaping US$ 4.5 Millions

Sale price when sale after completion (within 24 to 30 months)
Selling price Now being chaged in non waterfront area adjacent to the Jumerah Palm eg Dubai Marina . & Burg Al Arab


Off The Plan Prices
Expected Prices on completion

The Mimimum Price of The Jumerah Beach Villas and Apartment on the Outer crescent of Palm Jumerah is
AED 2000 /sq ft = Us$ 546 per sq ft

sellable area (798 ,804) multiplied by 546 = 436.15 millions

The Profit ( Tripple Net and Tax free; Us$ 436.15 Minus US$ 94.1 Millions

Three hundred and forty seven millions US dollars