By Andy Sambidge
Dubai developer set to offer more than 500 plots at Al Furjan; prices to start at AED1.1m
Dubai developer Nakheel said on Wednesday it is set to launch more than 500 new residential plots at its Al Furjan project which was recently hit by extensive flooding.
The plots, which cover between 4,800 and 13,000 sq ft, will be launched on Thursday, Nakheel said in a statement, adding that prices will range from AED1.1m to AED3.3m.
A Nakheel spokesman said: "This newly-released land is ideal for serious investors looking to develop new homes in one of Dubai's most convenient, sought-after locations. We expect a high level of interest in this unique investment opportunity when our doors open for business on Thursday morning."
Last month, Nakheel launched 400 new homes for sale at Al Furjan, and confirmed a contract worth AED4m to build four new roads linking the community with additional main road links are planned.
Al Furjan already has more than 800 homes, with a new community retail and recreation centre due to open early next year.
Al Furjan, located between Sheikh Zayed Road and Shiekh Mohammed Bin Zayed Road, close to Ibn Battuta Mall, 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.
In a statement at the time, Nakheel said: “This excess water was caused by an issue with the community irrigation system. We are currently investigating the specific cause, and will rectify the situation as soon as possible. In the meantime, we apologise for any inconvenience.”
It added: “Al Furjan is a newly-completed community. As with all new developments, any necessary repairs or modifications to infrastructure services and facilities will be carried out under the main contractor’s warranty.”
Last month Nakheel said its nine-month net profit jumped 58 percent year-on-year as the company continued to benefit from the recovery in the emirate's property market.
The firm, which was taken over by the government as part of its $16bn restructuring plan completed in 2011, made a net profit of AED1.77bn ($481.9m) in the nine months to September 30, versus AED1.12bn in the corresponding period of 2012.
* 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 only cares for money! bad customer service..
Nakheel should not be allowed to sell plots of land or completed villas for that matter. The construction and finishing is extremely poor and the after service is absolutely disgraceful.
Jumeirah Park is a prime example of slapdash villa completion without a care for owners that have paid millions for their villas only to find countless ongoing problems which Nakheel fails to rectify. The subcontractors used for after sales service do not have the proper tools to complete any job and are probably not even qualified as electricians / plumbers.
Come on Nakheel, get your house in order. This is simply unacceptable.
i think bad is an understatement
Don't see this being very popular at all.
There will always be fools who part easily from their money and as long as they are around second rate developers like Nakheel, Damac etc will sell properties. Any sensible buyer whether an investor or home purchaser would not touch anything from either of these companies so the question really is how many fools are there left?
I agree with you Hisham, Nakheel Assest management have never resolved the continous flooding of the road in The Gardens at the China Court end of Ibn Batuta Mall. The place is turning into a zoo with dogs barking and howling day and night and reports to Nakheel Asset Management via the control room or security guards go unheaded with no corrective action against the tenats who violate their lease agreements with the co-operation of NAM. An 8 an month pregnant lady was taking a stroll around the oval at The Gardens when she was chased by the owner of a dog which resulted in her falling down. This is not what the tenenats should be subjected to. The landlord needs to enforce the terms and conditions of its lease and prevent The Gardens turning into a Ghetto.
So if you want to teach them a lesson, stop running like kids in a candy shop buying property from them! I dont understand how people complain and then just buy anyway. I think there is enough examples of how bad they really are.
Ill be interested to hear from the poor chap on soil degradation and foundation issues a few years down. But wait, it will flip in a 5 min, so who cares........
The problem here is that its never going to be like what is promised.
Also the market has come to a standstill and therefore you may have noticed some quick launches going on before the Expo vote.
''* 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.''
Not sure why this would be the case but it seems like AB is not flavour of the month or should I say year.
I have called these people ref another ongoing issue concerning waste smells and I now have had to give up. These are NAM's three stages of excellence.
1. Answer call (eventually) after 15 mins of listening to a recording telling me how great they are
2. Take call, give job number
3. Thereafter continuously fail to follow up
For a company that built the iconic palm this is really very poor indeed!
NAKHEEL is just a lousy joke. The government should have never helped them to survive artificially It should have been left to its deserved faith :Bankruptcy
They are without vision, without leadership and without basic corporate Ethics. Complete failure on their commitments to suppliers and customers. Nakheel is the shame of Dubai.