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.
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