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Sun 14 Nov 2010 10:12 AM

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Work resumes on two Nakheel real estate projects

State-backed developer recommences operations on Al Furjan, Jumeirah Park in Dubai

Work resumes on two Nakheel real estate projects
The Nakheel stand at Cityscape Dubai 2010

Nakheel, the troubled real estate developer, has announced that construction work has recommenced on two more Dubai projects.

The Dubai World subsidiary said that contractors were working on Jumeirah Park and Al Furjan. On Thursday, Nakheel said that work had also restarted on Jumeirah Golf Estates following an injection of cash from the Dubai government.

Nakheel added that UAE contractor Arabtec would begin work on Al Furjan, and that the 523 villas and terrace homes at the site would be delivered in the first quarter of next year.

Earlier this year, debt-laden Nakheel delayed payments to contractors, causing Arabtec to suspend operations at Al Furjan. In September, the developer said that another contractor, Al Shafar Contracting and Transport, restarted work at the site.

Al Huda Contracting will recommence work on the 289 villas in the Jumeirah Park project. That development is scheduled to be handed over by the end of 2011.

On Thursday, Nakheel said that it had received the “necessary support” from the Dubai government to complete the Jumeirah Golf Estates development.

Construction on two of the project’s four courses was suspended in 2009 due to difficulties over contractor payments, and Leisurecorp’s activities were merged with those of Nakheel in June last year.

In October, Nakheel CEO Chris O’Donnell told Arabian Business that construction work that work was to be “remobilised” at several short-term residential projects, including Al Furjan, Jumeirah Village, Jumeirah Park, Jumeirah Heights Clusters, Veneto, Badhrah, Jumeirah Islands Mansions and International City, by the end of the month.

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juest 9 years ago

I live in Jumeirah Village for almost one year, and I can confirm that there is no construction in the infrastructure resumed at all, same issues and same problems with the roads that most of the areas are not completed although some building are full and they have to drive through uncompleted roads everyday

Sona 9 years ago

We also bought an apartment in Jumeirah Village and planning to move by August. Could you please let us know the plans of Nakheel about developing the infrastructure and how much will be the rent for 2 bedroom aprtment of 1800 Squarefeet