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Investor Relations
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FinancialNews
22-05-21
Investors revitalize USD218M of villas at Nakheel’s Murooj Al Furjan in just 4 hours
(MENAFN)Investors revitalized 800 million dirhams (USD218 million) of villas at Nakheel’s Murooj Al Furjan community in just 4 hours, which indicts that concerns about the Coronavirus pandemic seemed to be the last thing to think about.
Nakheel further stated that the Dubai-based property developer freed 217 four- and five-bedroom villas for sale on an off-plan basis with construction estimated to start in 2021 and complete in 2024. The cheapest villas stood at 2.9 million dirhams each (about USD 789, 5).
The development is going to include 418 villas spread in excess of 5 million square feet. The villas are no above 4,042 square feet.
Luxhabitat Sotheby’s also declared that Dubai luxury real estate sales increased 25 percent in the first three months even as prices decreased; referring to Dubai luxury real estate sales jumped 25 percent in Q1 even as prices declined.
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