Nakheel says $125m Warsan homes sold in a day

Dubai developer says it sold 262 homes on new Dubai project; Indian, Chinese investors prominent
An artists impression of Warsan Village.
By Andy Sambidge
Sun 29 Sep 2013 05:58 PM

Dubai-based developer Nakheel said on Sunday that it sold 262 homes, with a combined value of AED460m ($125.2m) in the first day of sales at the newly-launched Warsan Village.

The company said investors queued at the Nakheel Sales Centre throughout the weekend ahead of Sunday's launch of the new, gated community, located on a 47.5 hectare site on the south-west side of International City.

A Nakheel spokesman said: "As expected, we've seen a healthy initial response - from people from the UAE, GCC, India and China - to our townhouses, which are set to bring a completely new style of living to this already hugely-popular community.

"Many people who bought today are investing in Dubai for the first time, others are first-time customers of Nakheel and most are end-users.

"We anticipate more interest in this project in the coming days and next week at Cityscape Global."

Warsan Village will include a gated community of 942 townhouses, as well as a recreation centre, mosque and 250 apartments set above a retail plaza with 365 outlets.

Construction of Warsan Village is expected to begin in Q1 2014 and to be completed in 20 months.

The three-bedroom townhomes, starting from AED1.7m with a three-year payment plan, each span 2,013 sq ft and come with a maid's room, three bathrooms, powder room, two balconies, private garden and parking for two cars.

*Nakheel no longer responds to media enquiries from Arabian Business, nor does it grant Arabian Business access to any of its media events or announcements.

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