Nakheel rings up sales of more than Dh419m

The Pak Banker - - Front Page -

SHAR­JAH

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.

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