Nakheel says $215m Al Furjan plots booked

  • Share via facebook
  • Tweet this
  • Bookmark and Share
The Al Furjan flooding pictured in September.

The Al Furjan flooding pictured in September.

Developer Nakheel has said it attracted investments of AED790m ($215m) on Thursday as it released more than 500 plots at its Al Furjan residential community in Dubai.

Five hundred residential plots were snapped up by investors, many of whom queued since Wednesday morning to secure their land, Nakheel said in a statement.

A Nakheel spokesman said: "Just as we expected, this land drew a lot of attention, with 500 of the 509 available plots booked. The level of interest seen today underscores the fact that Al Furjan is one of the most convenient, sought-after locations in Dubai."

The plots, located between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, close to Ibn Battuta Mall, ranged from 4,800 to 13,000 sq feet.

Last month, Nakheel launched 400 new homes for sales at Al Furjan, adding to the 800 villas and townhouses that already occupy the growing community.

A new retail centre at Al Furjan is also due to open in early 2014.

Al Furjan suffered extensive flooding in September caused by unspecified issues with a “community irrigation system”.

Arabian Business previously published photos that appeared to show a large part of one of Al Furjan’s communal areas flooded by putrid water, which residents claimed had been there since April this year.

Residents told Arabian Business that Nakheel has provided no explanation and ignored repeated requests to fix the problem.

* 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.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: justsayin

Not sure why you give Nakheel free publicity as they do not engage with you in anyway?

Dont publish anything on them till they grow up.

Posted by: Paolo C

* 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.............
Nakheel really reflects very well how business is done in Dubai, based on deceitful announcements to attract investors. Good thing we are all here to testimony the gigantic real estate fraud of the past years and of the ongoing scam.

Posted by: Ronald

Nakheel just confirms what the world knows about it by banning AB from events and refusing comments. All the smoke and mirrors and foreign PR advisors cannot hide the stench of anything Nakheel says to pliant media who wolf up the canapes at launches and love their disproportionate media gifts.
AB should be proud to be banned for telling the truth about the biggest blot on Dubai's real estate image.

Posted by: Permy

Well you can say what you like now cant you, doesn't actually mean anything as history proves otherwise.

Posted by: Rob

Good luck to the real estate companies trying to sell on the plots because you are clearly going to need it.

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Tenants become investors as Abu Dhabi engineers property rebound

Tenants become investors as Abu Dhabi engineers property rebound

Abu Dhabi's real estate market has paled next to Dubai, its more...

Time to invest?

Time to invest?

Foreign investors are seeing Qatar as an ideal place to purchase...

Heading for a correction?

Heading for a correction?

Property prices may have held relatively steady in Lebanon during...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams