Dubai developer Nakheel reports villa sales worth Dhs223m

Dubai-based developer Nakheel has reported an increase in demand for villas, with sales worth Dhs223m recorded in the last three months, it announced on June 11.

The demand comes as buyers seek more living space to adapt to the ‘new normal’.

Ready-to-occupy, family villas at Nad Al Sheba are particularly in demand, where Nakheel has sold 70 villas with a sales value of Dhs170m since March.

Ready villas at Al Furjan are also proving popular, with Dhs53m worth of sales across 20 villas in the same period.

Almost 70 per cent of villas in Nad Al Sheba, and 95 per cent of the 400-plus villas at the recently completed phase at Al Furjan are now taken.

“The robust sales – achieved despite the challenging circumstances resulting from the Covid-19 pandemic – 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,” said Aqil Kazim, chief commercial officer at Nakheel.

“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.

“As one of Dubai’s most traditional residential areas for Emiratis, Nad Al Sheba is popular with the new generation of UAE nationals who want to live in the same neighbourhood as their relatives. At the other end of town, Al Furjan is among our fastest-growing communities, perfectly positioned for easy access to Abu Dhabi, Al Ain and other parts of Dubai, and a firm favourite among investors of all nationalities.”

Via a virtual tool, Nakheel has continued its property sales throughout the pandemic, connecting buyers with the sales team, offering a 360 degree virtual tour, and facilitating the booking of units and payment deposits through a phone or laptop.

Meanwhile, in-person sales meetings and site tours, while observing all health and safety directives, are also available.

Also read: Dubai developer Nakheel announces Dhs230m relief package, offers rent waivers