Hollywood Stars Buy Palaces in New Las Vegas PKN Princess Resort

Dubai (PRWEB) November 2, 2007 -- The rich and famous often leave investing to their experts as they go on to entertain and thrill their adoring fans.

However, due to a less than robust US economy and the low interest rates banks can offer these days, many stars and celebrities choose property investments in other high growth areas of the world in order to secure the fastest and best returns on their investment.

However, if that special super rich and famous someone could clinch a lucrative real estate investment in a unique location that offers a bit of exotic glamour and fun, bundled with the upside of high return potentials, then they have truly found utopia.

Enter PKN Properties (http://pknproperties.com/) and Max Paxima, Chairman of the US based consortium with operations around the world, including Dubai. Max is not just an everyday property developer, he is a world wide entrepreneur in every sense of the word, and has something now in his hand that only money can buy ? Las Vegas Gold Dust in the UAE.

Mr. Paxima and PKN have struck a savvy deal with the government of another Emirate just 45 minutes drive from Dubai traffic, in the hilly area outside the shores of Ajman as in building a ?miracle on the desert? in Manama Hills.

Together with the government of Ajman, the Las Vegas Entertainment centre will be surrounded by palaces, villas, lagoons, equestrian trails, and snow capped towers, which have been dubbed as worthy for architectural awards.

Experts estimate that this miracle in the desert is, in investment terms, a 1.25 billion dollar project.

PKN is bringing a Las Vegas Style world class Entertainment Centre to the United Arab Emirates, which has turned more than a few heads and scarves, in the local emirate, since the news broke recently, supported by the assurance that gaming was not yet in the cards for the region.

?The Las Vegas Style PKN Princess Resort is both stunning and appealing because of its overall value and quality and location, add to that star power and the entertainment opportunities that we are privileged to be bringing to this hemisphere like never before...well, it?s not only historical ? in Vegas tradition ? it?s magical.?

-- Max Paxima, Chairman, PKN Princess Resort

?Now that one fifth of the world?s construction cranes reside in Dubai and the Emirates, the race is on for the biggest and tallest and smartest projects between each Emirate and each developer,? explains Michael Tolan, of Platinum-World Class Group, Beirut based marketing advisors to PKN. ?Developers are introducing a variety of schemes to compete for market share, from rental schemes to fractional ownership and everything in between,? he added.

?PKN Princess Resort has set itself far in front of the competition by bringing the flair of Las Vegas Entertainment to this part of the world. The resort has also created a unique property owners club that allows apartment owners? access to deluxe residences in a private portfolio. The project is attracting investors who choose ?lifestyle? as their primary value,? he added.

A recent gala dinner in the worlds only 7 star resort, Burg Al Arab, Dubai, was held for local investors and hosted one of the many reported celebrities that have elected to invest in the project before its completion in 2010.

One of the Hollywood veterans and now PKN Princess Resort homeowner Patrick Swayze was one of the special guests on hand. Both he and his wife Lisa were there to receive their property deed, personally from PKN Chairman Max Paxima, in an event marking the pre-launch of phase one of the project.

For Further Information Contact Mr. Bassam Nakad, Questar Media, 00961 3 277 268

http://pknproperties.com/

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