Nakheel unveils to deliver its new villas before 2014 ends
12/12/2012
Since Nakheel has successfully restructured its billions of debt and separated from its parent-company, Dubai Holding which is owned by the Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, in August 2011, it has already launched two real estate projects in the Emirate. They are as follows: Palm Residence and Palm Views East & West, which are both located on the artificial archipelago or man-made islands, Palm Jumeirah.
Then, after such launching, it has once again unveiled its new plan to deliver a total of 381 Legacy Villas in its Jumeirah Park development two years from now or before the end of 2014. Based on the report, it will begin the construction within the first quarter of next year. So the company is now assessing tenders as well as expecting to award the construction contract within the first month of 2013.
In the first place, Jumeirah Park is indeed located next to Jumeirah Islands Community which is also one of the iconic community projects of Nakheel will offer the following three different Styles of Villas: Regional, Heritage, and Legacy. If all of which are completely constructed, there will be around 2, 000 villas in total. Fortunately, there have been already a total of 545 completed villas so far.
Moreover, according to Ali Rashid Al Lootah, Chairman of Nakheel Properties, he said a few months ago that the company had no any plans to launch the two of the above-mentioned styles of villas, including Regional and Heritage; for the company doesn’t want to flood the Emirate’s property stocks. In fact, it has decided that it will just launch new projects if there is only an increasing demand for property in the market.
Then, after such launching, it has once again unveiled its new plan to deliver a total of 381 Legacy Villas in its Jumeirah Park development two years from now or before the end of 2014. Based on the report, it will begin the construction within the first quarter of next year. So the company is now assessing tenders as well as expecting to award the construction contract within the first month of 2013.
In the first place, Jumeirah Park is indeed located next to Jumeirah Islands Community which is also one of the iconic community projects of Nakheel will offer the following three different Styles of Villas: Regional, Heritage, and Legacy. If all of which are completely constructed, there will be around 2, 000 villas in total. Fortunately, there have been already a total of 545 completed villas so far.
Moreover, according to Ali Rashid Al Lootah, Chairman of Nakheel Properties, he said a few months ago that the company had no any plans to launch the two of the above-mentioned styles of villas, including Regional and Heritage; for the company doesn’t want to flood the Emirate’s property stocks. In fact, it has decided that it will just launch new projects if there is only an increasing demand for property in the market.
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