Nakheel sells $218m Dubai villas in record four hours

Master developer Nakheel has sold AED800 million ($218 million) worth of villas in a record four hours, with investors clamouring to snap up new villas at its new Murooj Al Furjan community.

Phase one, comprising 217 four- and five-bedroom homes released on Thursday got sold out.

"The overwhelming response to Murooj Al Furjan highlights investor trust in Dubai real estate, continued buoyancy in the villa sector, and demand for quality homes with excellent onsite amenities," said a Nakheel spokesman.

Murooj Al Furjan, located at Al Furjan, one of Nakheel’s largest and most popular mixed-use communities, comprises 418 villas in total. Villa prices start at AED2.9 million.

Spanning 5 million sq ft, the new, gated community is strategically located close to Al Furjan’s retail Pavilion, community club and Dubai Metro station.

With a built-up area of up to 4,042 sq ft, each home provides quality, family accommodation, with modern finishing, floor to ceiling windows, expansive living space, ensuite bathrooms, maid’s quarters, private garden and a garage.

Villas are set among scenic walkways and communal green space, with a host of onsite amenities including swimming pools, jogging tracks, sports courts and shaded play areas for children.

Construction of Murooj Al Furjan will begin this year, with anticipated completion in 2024, he added.

-TradeArabia News Service

Canonical Link: http://www.tradearabia.com/news/CONS_382586.html