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26 February 2024

Nakheel to concentrate on delivery of homes

Chris O'Donnell, CEO, Nakheel (SUPPLIED)

By Staff Writer

Nakheel, the real estate arm of Dubai World, has shifted its focus on delivery of units in 2009 and is letting homeowners inspect the progress themselves, according to the company's chief executive officer.

"Our focus this year is on delivery. That's why we made a decision to communicate with future homeowners in the most tangible way possible – letting them come and see for themselves the progress being made on the ground," Nakheel CEO Chris O'Donnell said in a press statement. "We had a great response to our invitation, which illustrates our commitment to those who have made a similar pledge to us – by investing in Nakheel homes and communities."

A total of 1,910 people responded to the invitation sent by the developer for its community open event held from January 28 to 31 to find out more about progress made at Nakheel's Al Furjan, Jumeirah Village, Jumeirah Islands and Jumeirah Park communities in New Dubai, and at Marina Residences on The Palm Jumeirah.

Jumeirah Park homeowners were the single largest group to attend, with 341 people visiting over the four days. At Jumeirah Village, the handover of villas and town houses is under way, with the delivery of 2,200 homes phased for release throughout the year. Twenty-four ultra-luxury villas at Jumeirah Island Mansions are set for handover this spring.

Jumeirah Park is also on track, with 900 homeowners set to take up occupancy this year; 90 per cent of infrastructural works complete across the development, and villa construction 30 per cent finalised. At the family-focused Al Furjan, eight show villas are open for viewing, with handover of the first properties on schedule for late 2010.