The latest multi-billion dirham development, Jumeirah Golf Estates, is now in its final stages of development.

Sultan Ahmad Bin Sulayem, Chairman of Nakheel said: "We are currently finalising the project with Greg Norman on the overall development of Jumeirah Golf Estates. We hope it will be completed in the next two months. We will then launch our sales campaign. We still do not know the overall value of the development. Between 6,000 and 10,000 households, however, will be located in the area."

The project will have four golf courses, gated residential clusters, commercial and retail facilities as well as resorts.

The construction of the four golf courses and the surrounding facilities is expected to cost Dh500 million and will be completed by the first quarter of 2007.