Saturday, November 13, 2010

Nakheel to re-commence work at Jumeirah Park, Al Furjan

The leading Dubai master developer, Nakheel, has announced re-commencement of construction work on 525 four bedroom villas in Jumeirah Park, which will be ready by second quarter of 2012.

Moreover, the Park will begin construction work on 289 three bedroom villas likely to be completed during fourth quarter of 2011, the spokesperson said.

Meanwhile, Nakheel also revealed that it is constructing about 2000 villas across its several projects. Several of these projects will be delivered in 2010 and 2011.

Nakheel also pointed out that it expects Arabtec Holding to re-commence work on Al Furjan project shortly.

Nakheel had earmarked the 1500 villas at Al Furjan site as a priority for completion. Arabtec was handed over the $953mn deal to build Al Furjan in 2008, but the work was halted in January this year, due to non-payment of arrears.

The master developer has re-commenced work on eight of its projects, including Al Furjan, Jumeirah Park, Jumeirah Village, Jumeirah Heights Clusters, Jumeirah Islands Mansions, Veneto, Badhrah, and International City.

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