Economy
Nakheel announces increase in demand for villas, sales at AED223 million
(WAM) — Dubai property developer Nakheel has announced the increase in demand for villas, with sales worth AED223 million in the last three months, as buyers look for more indoor and outdoor living space to adapt to the ‘new normal’.
According to a press release issued by the company today, Nakheel has sold 70 villas with a sales value of AED170 million since March in family villas at Nad Al Sheba.
Ready villas at Al Furjan are also proving popular, with AED53 million worth of sales across 20 villas in the same period. Nearly 70 percent of villas released at Nad Al Sheba, and 95 percent of the 400-plus villas at the most recently completed phase at Al Furjan, are now taken.
Commenting on the announcement, Aqil Kazim, Chief Commercial Officer at Nakheel, said, “The robust sales highlight investor trust in Dubai real estate and the Nakheel brand. With a growing number of end-users among our customers, it’s clear that buyers are committing long term to the real estate sector with a home to call their own.
“Remote working, home schooling and earlier restrictions on movement have resulted in people spending most of their time at home – with many rethinking their living arrangements and realising that they could do with more space to work and play. This, combined with competitive deals and our new virtual sales tool, has led to strong demand for family villas with extra rooms and private gardens at some of our most prestigious communities.”
-
Dossier2 months agoDossier, 2026
-
OER Magazines2 months agoOER, February 26
-
Banking & Finance2 months agoSohar International and Sohar Islamic Supports Over 100 Families in Al Wusta Governorate Through Its ‘Sohar Al Attaa’ Initiative
-
Banking & Finance2 months agoNational Finance Unveils Exclusive Ramadan Offers on Auto Financing
-
Economy2 months agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26
-
Economy2 months agoAnalysis: Oman-India CEPA Opens Path to Deeper Trade Investment and Growth
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
