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Nakheel sells 217 villas worth Dh800M in record 4 hours

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The Dubai-based property developer Nakheel sold out 217 villas worth Dh800 in just four hours on Friday. This is just one of the many positive news coming out from the Dubai property sector.

The villas are part of Nakheel’s new Murooj Al Furjan gated community, which is set to be completed in 2024 and which comprises a total of 418 villas.

“The overwhelming response to Murooj Al Furjan highlights investors’ trust in Dubai real estate” declared a spokesperson for Nakheel.

The Dubai real estate sector bucked against international trends which – as a result of the Covid-19 pandemic – have mainly been negative over the past year. Investors have flooded into the market in order to grab a piece of real estate. Prices are in fact lower than usual as a result of the pandemic.

The growing number of people working and studying from home has made villas and spacious properties a popular target for tenants wanting to exploit the convenience brought about by the situation.

Edited by Susanna Schiavon. Source: Khaleej Times