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Palm jumeirah’s anchor Marina will open in December 2008 (United Arab Emirates)

Palm jumeirah’s anchor Marina will open in December 2008 (United Arab Emirates)

Category: Middle East - United Arab Emirates - Industry economy - Hotel projects
This is a press release selected by our editorial committee and published online for free on 2008-09-16

Owners and residents invited to bid for berths via an exclusive online auction site

Anchor Marina will be the first operational marina on Palm Jumeirah

Island Global Yachting (IGY), the luxury marina developer and management company, has today announced that Anchor Marina, the first marina on Palm Jumeirah, is on schedule to open in December 2008. IGY has also confirmed, in an innovative move that marks a change in the way berths are made available, that it will be launching an exclusive online auction site to lease berths to owners and residents of Palm Jumeirah.

Anchor Marina, delivered in partnership with Nakheel, represents one of IGY’s most prestigious projects. The marina’s 590 berths will provide private yachts, between 10-30m in length, modern infrastructural elements such as spacious concrete pontoons in conjunction with some of the most modern technology available to boat owners, including LED illumination, underwater lighting, wireless internet connections and bespoke concierge services.

To reflect the prestige that is associated with Palm Jumeirah, great care has been taken to ensure that the structure and quality of service experienced at Anchor Marina will position it one of the world’s most well-appointed marinas. It will offer guests the choice of two clubhouses; one located on Anchor Marina East and the other on Anchor Marina West. The East Clubhouse will be designed for families whilst the West Clubhouse will have a sophisticated atmosphere with fine dining restaurants.

Michael Horrigan, CEO Middle East and Europe, IGY said:

“We are delighted to announce the scheduled opening of Anchor Marina for this December. It’s a fantastic product that will propel Dubai onto the global stage as a yachting destination of choice. Located on the iconic landmark Palm Jumeirah, which is instantly recognisable around the world, we have worked hard to deliver, what we believe is a marina that will complement its fabulous surroundings.

“We know that demand for Anchor Marina will be high so we decided to explore new ways of leasing its berths to ensure a level playing field for interested parties - and the idea of an online auction site developed. We are anticipating a huge demand for the berths and this has been considered the most transparent and fair way of launching the first tier of leases.”

The dedicated auction site,, has been developed to undertake the week long auction from 1st – 7th November and is exclusively for owners and residents of Palm Jumeirah. Owners and residents will be limited to leasing one berth per property and leases will be for the length of five years. The berths available for auction will be located on both the East and West side of Anchor Marina for yachts between 10–30m in length, inclusively.

Prospective bidders can register at from 15th October from which they will become pre-qualified. Once pre-qualified users will then be able to exclusively browse the site and place bids on a unique selection of berths available for long-term leasing.

IGY will be attending the prestigious Monaco Yacht Show later this month where the company will be making a number of exciting announcements on new projects in the Middle East, Europe and worldwide.

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