Nakheel reports $163mn worth of property sales in four months
Ready-to-occupy family villas at Nad al Sheba and Al Furjan in demand as investors show ‘appetite’ for quality and ready homes
Nakheel says the sale of 250 properties in the last four months has raised more than $163 million, “with ready-to-occupy villas most in demand.”
The UAE-based master developer reported in a statement that its most popular units were family villas at Nad Al Sheba, “where a third phase of ready-to-move-into properties has just been released, after phases one and two sold out in June.”
A total of 205 villas have now been sold within a community which will see its retail and recreation centre open in Q1 2021.
Nakheel also reported a surge in demand at Al Furjan, “where 36 ready homes have been sold since March, with just a handful of the most recently completed phase remaining.”
“The figures speak for themselves,” said Aqil Kazim, Nakheel’s chief commercial officer. “There is an appetite for quality, ready homes, with investors taking advantage of attractive terms to get on the property ladder, or to upsize.
“Having sold out of Nad Al Sheba phases one and two, we are now selling the third phase on a daily basis, and will release more ready homes as the year goes on. Our customers include a growing number of first-time buyers, and we are witnessing an increase in female investors, too.
“This hive of sales activity, achieved despite challenges associated with the Covid-19 pandemic, further highlights investor trust in Dubai real estate and the Nakheel brand.”
