Arab Today, arab today palm properties being sold higher than prices
Last Updated : GMT 05:13:31
Arab Today, arab today
Arab Today, arab today

Palm properties being sold higher than prices

Arab Today, arab today

Arab Today, arab today Palm properties being sold higher than prices

Dubai - Arabstoday

Nakheel, Dubai-based master developer, claims it is selling properties in Palm Jumeirah at prices higher than pre-crisis period. “Our sales are strong and we are selling at record prices, which are higher than pre-crisis prices mostly in Palm Jumeirah,” interim Chief Executive Officer Sanjay Manchanda said on Wednesday. He added that demand was “fantastic” for Nakheel’s luxury projects and Palm properties now selling for Dh15,600 to Dh16,150 per square metres. Company Chairman Ali Rashid Lootah had said there is “high” demand for properties on Palm Jumeirah. Asteco, a real estate consultancy, said earlier this week, that apartment sales prices in Palm Jumeirah have risen nine per cent to Dh12,900 per square metre in the first quarter compared to the fourth quarter 2011. The company has commenced handover of 1,663 units in International City’s Emarati Cluster, which comprises 26 buildings. It will also be delivering 246 units in Jumeirah Heights and 31 luxury units in Jumeirah Islands. “Our first priority is to get our project that we have started completed. We are announcing new projects and all depends on the demand.” Manchanda added that the company committed funds for completing projects that have been included in its restructuring plan. In accordance with the restructuring plan, Nakheel will develop 8,252 units across various developments in Dubai. To date, it has handed over of 3,549 units with remaining units planned for hand over in 2012 and early 2013. In a break down, provided last year, the company said it will deliver 594 units and 177 units in Badrah and Veneto, Waterfront, by June, 1,795 units in Jumeirah Park by November, 2,188 units in Jumeirah Village by December and 1,154 units in Al Furjan by December. Nakheel, in a statement, said that company is witnessing almost 100 per cent occupancy across its residential portfolio, reflecting a “much improved” residential sector compared to the past few years. On the service charge issue, the company interim CEO said that they were still taking the “soft” approach and hoping that the owners will pay their dues. “I am not punishing any community. Some people cannot enjoy the privilege for which their neighbor is paying,” he informed. The company said that post November 2009 it has made total payments of Dh7.6 billion to various contractors, creditors and suppliers. In has issued sukuk of Dh3.8 billion to its trade creditors and made a total payment of Dh320 million in interest and profits to its lenders to date.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today palm properties being sold higher than prices Arab Today, arab today palm properties being sold higher than prices

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday