Nakheel rings up sales of more than Dh419m
Nakheel, a construction company said demand for highend properties in the emirate remains strong as the builder of the city's showpiece artificial islands ringed up sales of more than Dh419 million over the past few days.
The deals for land plots in Nakheel's man- made Palm Jumeirah island and Jumeirah Village Circle developments were concluded in "less than a week," the company's chairman Ali Rashid Lootah told Zawya Dow Jones in a telephone call. "We received interest regarding some plots in Jumeirah Village, for example, last Wednesday, and concluded the negotiations with successful sales in less than a week."
The company sold a 72,000 square foot residential villa plot for Dh104.4 million and a 155,000 sq. ft. residential plot on the Palm trunk for Dh202 million.