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Nakheel sells Palm Jumeirah plot for Dhs400m
- United Arab Emirates: Monday, August 13 - 2012 at 11:42
Dubai's Nakheel has said it has sold a 28,400 sq m plot of land on Palm Jumeirah to a local investor for Dhs400m ($109m), Bloomberg has reported. "There are clear signs of renewed investor confidence in Dubai real estate and in particular for unique products such as those offered on Palm Jumeirah,'' the company said. "We have seen a very healthy demand in the first half of 2012, and this looks set to continue for the year."
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