Nakheel, a Dubai World Company which is one of the world’s largest real estate developers, together with a subsidiary to Shafar Group, Al Shafar Transport and Contracting Company, have entered into a contract for construction of 300 villas and terrace homes at Al Furjan development.

This contract is a milestone in the development of Al Furjan, followed by the last week's announcement of contract last week between Arabtec and Nakheel for Dh.3bn to build the first 1500 homes of the development.

Al Furjan offers a combination of traditional neighbourhood living, with spacious villas and terraced houses carrying immense open space and ample amenities.

Located towards 540 hectares south of Ibn Battuta Mall, and Discovery Gardens, and The Gardens, Al Furjan boasts about 4000 homes, apart from hotels, apartments, and commercial and mixed use plots in the developments surrounding Al Furjan, housing a total population of 90,000.

The construction is likely to commence during the third quarter of this year, and the delivery of residences will take place by the third quarter of 2010.

Labels: Al-Furjan, Construction Projects, Nakheel, Villa Projects

Nakheel, together with the female banking division of Dubai Islamic Bank, Johara, had launched a sales initiative for its latest Al Furjan development which proved to be an overwhelming success.

The two companies together, launched a "women only" sales campaign for Al Furjan, the villa community for families. This was done by organizing private sales events for female investors. The full public launch is scheduled for 5th September.

The Al Furjan development was well received by the female customers of Johara, and within five days of its launch, more than hundred units have been sold out, said a statement.

The development comprises 4000 homes, based on the "new urbanism" principles, and has been specifically designed keeping families in mind.

The Al Furjan Director, Mohammed Rashed Bin Dhabeah said "At Nakheel, we believe in the role of women as an important decision-maker in matters such as investing in a family home, which is why, we partnered with Johara for presenting this opportunity to female investors. The success of the launch, by itself, is an endorsement of the product. "

The Product Manager in Johara, Rana Al Hindwani, commented "Women in UAE are savvy investors and can identify the value of sound investment. The Al Furjan launch success indicates that women play a major role in the national economy, and that Al Furjan is a quality community in Dubai and a good investment opportunity."

The Al Furjan development will comprise of 4000 distinctive homes in four communities with well-designed public spaces, and landscapes which celebrate local history and at the same embrace modern building practice. Residents will also get to enjoy a wide range of amenities ranging from supermarkets to coffee shops and restaurants and open spaces to gym facilities, all within a walking distance.

Labels: Al-Furjan, Nakheel, Sales

Nakheel has announced its plans to build a cluster of 4000 homes in 'new Dubai', which will cover the same land area as in Palm Jumeirah.



The first stage of construction of the project, Al Furjan, is due to begin during the initial half of 2008. The handover of the terraced homes and villas will be complete by the year 2010. The completion date for the entire 560 hectare development has been scheduled towards 2013.

Experts are of the opinion that this project will address the immediate requirement of villas in the emirate. The Al Furjan development comprises three, five and six bedroom villas and smaller terraced homes. The unit price begins at a range of Dh.2 million, and higher.

The project will be sold in phases. The first phase will consist of 800 units or more, and house 3,000 people. The other phases will be launched later, with about 4000 homes and 5000 residential apartments in the mixed-retail units, and hotels.

The Al Furjan will be the largest villa community ever launched by Nakheel. The officials say that the company plans to create a family-oriented community. The master-plan comprises play areas, open space and pathways. Every community will have its own village center, with other amenities ranging from supermarkets and coffee-shops to restaurants, gym facilities and open spaces.

Labels: Al-Furjan, Luxury Homes, Nakheel, New Developments, New-Dubai, Palm Jumeirah, Residential, Villa Projects