Dubai developer trebles real estate sales
September 9, 2008 by OPPE News
One of the world’s largest real estate developers has reported a threefold increase in sales, shifting 6,100 units in a year.
Dubai-based Nakheel said it was also planning to release a further 2,650 units in 11 additional launches scheduled for the final quarter of 2008.
The firm said demand for its Dubai commercial and residential investment properties continued to reach unprecedented levels.
Top of the Dubai sales list for the company was the Badrah Manara apartment project, with almost a third of sales by volume - 32.2 per cent.
Nakheel’s director of sales, marketing and customer service, Manal Shaheen said:
“We are delighted but by no means surprised by this year’s phenomenal sales success.
“Demand for Nakheel’s Dubai properties continues to rise across residential and commercial sectors, and we see no signs of this demand abating - despite recent gloomy predictions from one or two analysts.”
Nakheel says it is providing 50 per cent of Dubai’s residential supply by building homes for three million people.
These projects range from affordable housing to the “ultimate in luxury living” in an effort to meet the demands of Dubai’s growing cosmopolitan population.
The company is also behind the iconic Palm Jumeirah artificial islands project, alongside International City and the World.
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