On The Palm, the company sold a 72,000 sqft residential villa plot for Dhs104.4m (1,450 per sq ft) and a 155,000 sqft residential plot on the trunk for Dhs202m.
Nakheel also sold 122 residential villa plots in Jumeirah Village Circle, its 860 hectare master development south of Al Khail Road, with transactions there exceeding Dhs113m.
Ali Rashid Lootah, Nakheel Chairman, said, "Real estate in Dubai is on the move again. After the recent success of our Jumeirah Park villa launch, Nakheel has now seen investors clamouring for the newly-released plots in Jumeirah Village Circle. This reveals a very clear message: confidence in Nakheel and Dubai is back."
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Nakheel completes land sales worth over Dhs419m
- United Arab Emirates: Monday, November 19 - 2012 at 11:34
- PRESS RELEASE
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Nakheel closed land sales worth more than Dhs419m in its Palm Jumeirah and Jumeirah Village Circle developments - evidence of heightened investor confidence in the Dubai real estate market.
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Posted by Ishraq Al TalMonday, November 19 - 2012 at 11:34 UAE local time (GMT+4)
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