Investors book Dh790m worth of residential plots at Al Furjan


27 Nov 2013: Nakheel drew Dh790 million from investor during the launch of its plots at Al Furjan last Thursday. Investors booked a total of 500 residential plots during the event, the developer has revealed.

“Just as we expected, this land drew a lot of attention, with 500 of the 509 available plots booked”, said a Nakheel spokesman. “The level of interest underscores the fact that Al Furjan is one of the most sought-after-locations in Dubai”.

The plots are located between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, close to Ibn Batuta Mall, and range from 4,800 to 13,000sq. ft. Prices of the plots are between DH1.1 million and Dh3.3 million.

Last month, Nakheel launched 400 new homes for sale at the Al Furjan community, adding to the 800 villas and townhouses in the growing community. A new retail centre at Al Furjan is also due to open early next year.

“This newly released land is ideal for serious investors looking to develop new homes,” the spokesman said.

Nakheel has also signed a contract of Dh4 milion to build four new roads linking to the community with and the Al Yalayis Road. Additional links to major roads are planned.

Source: Property Weekly

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