By Staff writer
Dubai developer says it has takes nearly $75m in sales revenues after selling out 90-villa project
Developer Nakheel has announced the delivery of 90 new villas at Jumeirah Village Circle (JVC) in Dubai, with construction complete and the first residents expected to move in next month.
The sell-out Jumeirah Village Circle Villas project - launched in December 2013 and sold for a combined value of AED275 million ($74.8 million) - consists of 90 homes built in a circular pattern. Landscaping work is underway, the developer said in a statement.
The four bedroom villas each cover 3,655 square feet, and feature an expansive roof terrace.
The Jumeirah Village Circle Villas project is among a range of Nakheel-constructed developments at JVC, including 615 villas and townhouses, which were delivered in 2013, and the one million sqft Circle Mall, a new retail, dining and entertainment hub due for completion in 2017.
Nakheel said it is also bringing 28 landscaped parks to JVC, as part of its commitment to enhancing the community. Features include a variety of flora and amenities, such as plants indigenous to the UAE, jogging tracks and children's play areas.
Two parks are complete, with landscaping and design work underway on the rest, Nakheel said.
Jumeirah Village Circle spans almost 570 hectares, with a projected population of more than 250,000 people.
Almost 100 third party developers' buildings are already complete at the community, with another 320 at various stages of design and construction.
As master developer, Nakheel said it has completed all the infrastructure, including roads and streetlights, at JVC, and handed over plots to third party developers, who construct their individual projects to their own timelines.
* 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.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
It's high time we had a bus service linking the JVC to the rest of Dubai and the closest Metro. Not everyone who lives here can afford a taxi daily. What's the RTA doing about this?
We are expecting an opening on Hessa Road side. Huge wastage of time and fuel to make full round to enter through Gate1 and Gate2.
Without entry/exit on Hessa Road, its difficult to live there.