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26-02-14

Nakheel plans auctioningJumeirah plots

(MENAFN) Dubai-based Nakheel said that it plans to auction selection of prime residential plots at its Jumeirah Park community, Arabian Business reported. The plots are part of Jumeirah Park community containing 1,795 luxury villas, with 800 more under construction. Nakheel said it has recommenced work on all its 'near term' projects, and was able to deliver 8,000 units to customers. It added that USD3.5 billion was paid to contractors and suppliers; paid interest of USD272 million to banks and made profit payments of around USD272 million to sukuk holders.