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Nakheel sells $15m worth of villa plots

United Arab Emirates: 1 hour, 58 minutes ago
Nakheel has announced that it recently sold more than $15m worth of villa plots at Jumeirah Islands. The plots were sold at auction for higher-than-expected prices, hitting Dhs513 per square foot, the developer said. "The sales are yet more proof of renewed investor confidence in Dubai's real estate market," the developer added. On Thursday, Nakheel will begin sales of 90 villas at Jumeirah Village Circle. Prices for the four bedroom, 3,700 sq ft homes start at just under Dhs3m.