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Nakheel announces early handover of plots at Al Furjan

Nakheel, one of the world's largest privately-held property developers, has announced that plots at its family orientated community Al Furjan have been handed over to investors well ahead of schedule.

  • United Arab Emirates: Tuesday, January 29 - 2008 at 09:21
  • PRESS RELEASE




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Al Furjan, meaning 'a collection of houses or a small village', is an innovative community that when complete will contain more than 4000 homes. Some 70 commercial and residential apartment plots, with average sizes ranging from 3,000 to 5,000 square metres, have been handed over to purchasers since 25 December 2007 - more than two months prior to the official handover date of March 2, 2008.

The news follows the success of the initial launch when Phase 1 of Al Furjan completely sold out, with more than 800 units sold in less than a week.

Mohammed Rashed bin Dhabeah, Director, Al Furjan and Jebel Ali Village, 'This is a significant achievement for the Al Furjan team who worked diligently to ensure plots would be available to purchasers prior to the official 2 March 2008 hand-over date. The team has also introduced permanent plot identification markers and signage for each plot to assist the purchaser to easily site their property.

'This is a key milestone in Al Furjan's progress and we are elated that we have delivered these plots ahead of schedule to our purchasers.'

Al Furjan has been created with families and community in mind, and follows the values of 'new urbanism' which captures the principles of traditional neighbourhood living through planning and architectural techniques that work together to create human-scale, walkable communities. The development is comprised of four communities, each of which are defined by their individual neighborhood centre which will contain a wide range of amenities, including supermarkets, coffee shops, restaurants and medical centres.

Located south of Ibn Battuta Mall and adjacent to Discovery Gardens and The Gardens, Al Furjan is 560 hectares in size. When combining apartments, hotels, and commercial and mixed use plots in the developments surrounding Al Furjan, there will be an estimated day-time population of approximately 90,000 people.




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Notes and media contacts

About Nakheel

Nakheel is one of the world's largest privately held real estate developers, and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business, and tourism.

Nakheel is developing an iconic portfolio of innovative landmark projects in Dubai across a range of sectors - residential, commercial, retail, and leisure. Nakheel's developments spread across more than two billion sq ft of land, and its projects are projected to be worth US$60 billion. Upon completion Nakheel's waterfront projects will have added more than 1000km of shoreline to Dubai's coastline.

Nakheel's portfolio currently includes The Palm Jumeirah, The Palm Jebel Ali, The Palm Deira, The World, The Universe, Waterfront, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Ibn Battuta Mall, Al Furjan, International City, Dragon Mart Complex, Dubai Promenade, Port Rashid and Dubai Design Centre.

Nakheel is a key entity within Dubai World. Dubai World is one of the world's largest holding companies and supervises a portfolio of businesses and projects for the Dubai government across five continents and more than 100 countries.

Further information can be found at www.nakheel.com.

For more information please contact:
Four Communications
Tel: +971 (0)4 362 5129 / +44 (0) 870 444 4568

Nakheel
Aaron Richardson, Media Relations Manager
+971 4 368 6946
Lara Lynn Golden Posted by Lara Lynn Golden, News Editor
Tuesday, January 29 - 2008 at 09:21 UAE local time (GMT+4)

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