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Discuss this article (4 Comments)Nakheel says on target with Al Furjan project
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 07 October 2009
PROJECT VIEW: An example of the luxury villas included in Nakheel's Al Furjan community project.
Master developer Nakheel said on Wednesday that it was on target to deliver the first phase of its Al Furjan community project in the fourth quarter of 2010.
The company behind Dubai projects such as Palm Jumeirah and the Waterfront, said more than 800 homes were already under construction.
Al Furjan is a 560 hectare development south of Ibn Battuta Mall and next to Discovery Gardens.
The first development phase which will include 3, 5, 6 bedroom villas and 3 bedroom townhouses, is already sold, the developer said in a statement released as part of its Cityscape involvement.
The project, once completed, will include education, retail facilities and mosques.
“Structural work on Al Furjan is substantially complete, and we have commenced paintworks on a number of these homes within the development,” commented Mohammed Rashed Bin Dhabeah, director, Al Furjan.
“The development is designed to be a traditional family orientated community that will lie in close proximity to other Nakheel projects, adding to the increased connectivity being felt with the introduction of the Metro.”
He added: “Since conception, Al Furjan has generated great interest from both investors and residents and we’re delighted that it’s on schedule for handover in Q4, 2010."
More than 500 homes were sold in just one day, he said.
Nakheel announced late last year that it was delaying several of its flagship projects, including the Trump International Hotel and Tower, in addition to axing 500 jobs amid the global financial crisis.
The developer said the Frond N villas, Gateway Towers and the Trump tower on the Palm Jumeirah, one of three palm-shaped islands the developer is building off Dubai's coast, would all be delayed.
The company said much of its Waterfront project, a series of man-made islands set to be twice the size of Hong Kong, would also be pushed back.
The Universe, a series of man-made islands in the shape of the sun, the moon and the planets that wraps around Nakheel's The World project, was also delayed, while on the Palm Jebel Ali, the second largest of the three Palm islands, Nakheel said work on the fond villas and infrastructure for the crescent would continue, while other phases would be delayed.
READERS' COMMENTS
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Jumeirah Park
Posted by Rajiv Sehgal, Dubai, UAE on Saturday 10 October 2009 at 09:36 UAE time
There is no official communication from Nakheel on the phase wise completion dates for Jumeirah Park. All efforts to obtain this information from their Sales Office, Call Centre etc have proved futile. One expects that a master developer of Nakheel's stature will be more transparent in their customer communication. At the Nakheel pavillion in Cityscape, the completion date for various projects was stated as "2010+". Any guesses on this one...?
Posted by Rajiv Sehgal, Dubai, UAE on Saturday 10 October 2009 at 09:36 UAE time
There is no official communication from Nakheel on the phase wise completion dates for Jumeirah Park. All efforts to obtain this information from their Sales Office, Call Centre etc have proved futile. One expects that a master developer of Nakheel's stature will be more transparent in their customer communication. At the Nakheel pavillion in Cityscape, the completion date for various projects was stated as "2010+". Any guesses on this one...?
Jumeirah Park
Posted by Mr Big Brain, Dubai, UAE on Thursday 8 October 2009 at 13:21 UAE time
JP is still continuing, but obviously at an extremely slow rate due to non money / not paying Contraactors & Suppliers / sacking the Project Management Company etc.. etc.. Problem will be that they will only build sold villas, therefore you will have a half built community for at least the next two to three years with no community facilities, no parks / landscaping etc.. and to top it off sky high maintenance fees - because they need the money....sorry..
Posted by Mr Big Brain, Dubai, UAE on Thursday 8 October 2009 at 13:21 UAE time
JP is still continuing, but obviously at an extremely slow rate due to non money / not paying Contraactors & Suppliers / sacking the Project Management Company etc.. etc.. Problem will be that they will only build sold villas, therefore you will have a half built community for at least the next two to three years with no community facilities, no parks / landscaping etc.. and to top it off sky high maintenance fees - because they need the money....sorry..
Any news on Jumeirah Park???
Posted by Ralph, dubai, UAE on Thursday 8 October 2009 at 08:45 UAE time
This was supposed to be handed over as of early 2009 and as far as I know not a single villa is completed. They are not wanting any payments at this time and are revising the payment schedule. We've been waiting for 6 months on any specifics.
They do not even make any public statements anymore. Is this good or bad???
Posted by Ralph, dubai, UAE on Thursday 8 October 2009 at 08:45 UAE time
This was supposed to be handed over as of early 2009 and as far as I know not a single villa is completed. They are not wanting any payments at this time and are revising the payment schedule. We've been waiting for 6 months on any specifics.
They do not even make any public statements anymore. Is this good or bad???
Nakheel should do something for Waterfront Project
Posted by Amir, Dubai, UAE on Wednesday 7 October 2009 at 14:58 UAE time
Nakheel, as the Master Developer for Dubai Waterfront should make a decision re the properties which they intend to go ahead with in Waterfront and ease the pain of individual investors. I am one of the investors in Zero Five Zero and the Developer, Profile Properties, is not responding to my emails and phone calls. I don't know how I can retrieve half a million Dirhams I paid them a long time ago (and supposedly it is kept in an Escrow Account) ? I am sure there are several other investors like me who do not know to whom we should talk to and what to do to get our money back.
Posted by Amir, Dubai, UAE on Wednesday 7 October 2009 at 14:58 UAE time
Nakheel, as the Master Developer for Dubai Waterfront should make a decision re the properties which they intend to go ahead with in Waterfront and ease the pain of individual investors. I am one of the investors in Zero Five Zero and the Developer, Profile Properties, is not responding to my emails and phone calls. I don't know how I can retrieve half a million Dirhams I paid them a long time ago (and supposedly it is kept in an Escrow Account) ? I am sure there are several other investors like me who do not know to whom we should talk to and what to do to get our money back.
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