Nakheel, the property arm of Dubai World, confirmed yesterday that work has recommenced on 523 luxury villas and terraced homes in the Al Furjan development in Dubai.
The company has also confirmed that work has re-started on over 500 homes in the Jumeirah Park development. Both the Al Furjan and Jumeirah Park villas are scheduled to be delivered in the second quarter of 2012.
The Palm Jumeirah – Nakheel’s flagship development – has also seen some new activity over the past few weeks with site preparation work almost complete on the Golden Mile Gardens (a mile long stretch of gardens and walkways connecting the Shoreline apartments and the Golden Mile buildings on the trunk of the Palm island.
This is promising news for the Dubai real estate market and will provide a much needed boost in market confidence as many believe Nakheel is key to the success of the Dubai property industry.
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Tags: Al Furjan, dubai property, Nakheel, Palm Jumeirah