Marwan Al Qamzi, group managing director, Nakheel Development Projects said: "At Nakheel our focus is on delivering quality communities and the handover of Marina Residences marks another major milestone on Palm Jumeirah."
The waterfront development features six residential towers containing 980 units, 940 of which are a mix of apartments and penthouses.
The most luxurious penthouses are designed over four floors, providing more than 14,000 sq ft of living space. The development alsol includes 40 townhouses which are located along the marina fronted promenade.
Palm Jumeirah is now home to more than 12,000 residents with work expected to continue on the island over the next 5-6 years.