Nakheel plans 200 villas on Palm Jumeirah

Nakheel, a Dubai-based developer, is planning to build close to 200 villas on the Palm Jumeirah, market sources told Emirates24|7.

"The company is planning to build 200 villas on Palm Jumeirah. No tenders have yet been issued," a contractor, working on some Nakheel projects, said on the condition of anonymity.

Nakheel refused to comment when contacted by this website.

Company Chairman Ali Lootah has said earlier they plan to build villas on Palm Jumeriah.

"There is high demand for Nakheel projects. We have delivered what we have promised," he had said.

According to information mentioned in the Nakheel sukuk document, a total of 1,395 villas are located on Palm Jumeirah and every signature and garden home villa features a private beach and a swimming pool.

All of the villas developed by Nakheel have been sold, completed and handed over to customers.

In August, the company sold a luxury villa on Palm Jumeirah for nearly Dh28 million at a private auction.

Nakheel has said it plans to commence hand over of 1,663 apartments in International City before the year-end and has handed over 1,180 units over the past 18 months.

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