Nakheel secures AED600 million worth of property sales in four months

Property developer Nakheel has sold almost 250 properties with a total sales value of over AED600 million in the last four months, with ready-to-occupy villas most in demand.

Nad Al Sheba turned out to be the most popular, where a third phase of ready-to-move-into properties has just been released. It comes after phases one and two sold out in June.

Nakheel also sold 205 villas at the Nad Al Sheba community, where a retail and recreation centre is due to open in the first quarter of 2021, the company revealed in a statement.

It added that it had witnessed a surge in demand at Al Furjan, where 36 ready homes have been sold since March.

"Having sold out of Nad Al Sheba phases one and two, we are now selling the third phase on a daily basis, and will release more ready homes as the year goes on. Our customers include a growing number of first-time buyers, and we are witnessing an increase in female investors, too," said Aqil Kazim, Nakheel Chief Commercial Officer.