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.

Related:
Companies
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
Facelift or folly: Belgrade braces for Dubai-style makeover

Facelift or folly: Belgrade braces for Dubai-style makeover

Construction for the Belgrade Waterfront project is due to kick...

How potential loopholes could limit impact of Saudi land tax

How potential loopholes could limit impact of Saudi land tax

Move aims to help the government meet promises to build 500,000...

Coming to America

Coming to America

As Barack Obama seeks to rebalance the bloated US economy, the...

Most Discussed
  • 17
    Nakheel PR: The toughest job in Dubai?

    You forgot to mention the sewage pit between JLT and Jumeirah Park and the terrible landscaping in Jumeirah Park The chain link fencing they want to install... more

    Monday, 30 March 2015 9:05 AM - An Emaar Fan
  • 14
    Has Narendra Modi already lost the plot?

    Gaja - Anil is RIGHT this once! Modi stands for anarchy. Look at the way he is treating the minorities. Do you even for a second believe that he is innocent... more

    Sunday, 29 March 2015 1:42 PM - Ann
  • 14
    Dubai Int'l T1 is too congested, says Indian airline boss

    Question: All you people, criticizing my comment, do you work for Air India by any chance?

    Additionally, for all the whiners, I will provide you... more

    Tuesday, 31 March 2015 12:50 PM - Mosa