381 Legacy Villas by end-2014

Nakheel, Dubai-based master developer, expects to deliver 381 Legacy Villas in Jumeirah Park development by fourth quarter of 2014.

“Work is due to begin in February (2013) and is anticipated for completion in the fourth quarter 2014,” the company said in a statement.

Nakheel, which has grossed sales of over Dh1.2 billion worth of four and five-bed Legacy Villas, is currently assessing tenders and will be awarding the construction contract by mid-January 2013.

Spread across 350 hectares, Jumeirah Park is located next to the Jumeirah Islands community and offers three distinct styles of villas: Legacy, Regional and Heritage. The master development will house 2,000
villas of which 545 villas have been completed to date.

In October, company Chairman Ali Rashid Lootah told Emirates 24|7 they had no plans to launch the Regional and Heritage themed villas in Jumeirah Park.

“We don’t want to flood the market with too many units… we do out studies well and launch when we see there is market demand. People have trust in Nakheel and that is reflected our the success of our project.”

This year, Nakheel has successfully launched two projects: the Palm Residence, and Palm Views East and West on the Palm Jumeirah. It recently sold 122 residential villa plots in Jumeirah Village Circle, a 860-hectare master development south of Al Khail Road, for over Dh113 million.

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