Developer to award construction contracts for Jumeirah Park Legacy Villas
Nakheel, the Dubai government backed real estate developer, has announced it will award contracts for the construction of 381 Legacy villas at Jumeirah Park by mid-January 2013.
The developer said that it is currently assessing tenders for the luxury four and five bedroom homes that are being scheduled to be built.
Work on the projects is expected to start by February 2013, with a scheduled completion date in the fourth quarter of 2014.
Legacy Villas are the latest addition to Nakheel’s Jumeirah Park community, which spans 350 hectares and, when complete, will have 2,000 homes. So far, 545 villas have been completed.
The developer said that it has sold more than $326.7mn worth of properties in the Legacy Villas project.