 |
|
Manal Shaheen, Director, Sales, Marketing and Customer Service, Nakheel |
Nakheel, a Dubai World company and one of the world's largest real estate developers, has announced that its 2008 sales are already showing a threefold increase on 2007's full-year figures. In the year to date, more than 6,100 Nakheel units have been sold (97%) or reserved (3%) exceeding the developer's own targets. Unit sales in 2008 comprised more than two thirds apartment sales (68%), over a quarter villa sales (27%) and 5% land plot sales. These units were released in 13 launches between 1 January and 31 August 2008. A further 2,650 units are set to be released in 11 additional sales launches scheduled for the final quarter of 2008.
Manal Shaheen, Director, Sales, Marketing and Customer Service, Nakheel, said, "Demand for Nakheel's Dubai properties continues to rise across residential and commercial sectors. We see no signs of this demand abating despite recent gloomy predictions from one or two analysts. If you compare the expansive vision of Dubai to the construction capacity constraint, which is currently around 80,000 dwellings per year, and if you believe that population growth will continue to rise by 6-7% per annum, then by 2020 we will still not have enough residences to meet demand."
The three Nakheel developments in Dubai accounting for the largest volume of sales were Badrah Manara apartments, with almost a third of sales by volume (32.2%); apartments in Lake District at International City (15.2% of the total) and Al Furjan villas (14.7% of sales by volume). Nakheel is providing 50% of Dubai's residential supply by building homes for 3 million people ranging from affordable housing to the ultimate in luxury living.
