Veneto waterfront community in Dubai by Nakheel is a sell out

Veneto residential community at Dubai Waterfront real estate development

Nakheel, a Dubai World company and one of the world's largest real estate developers, has announced that stage one of its exclusive residential community, Veneto, has sold out within five days of its launch. The first community to launch on Nakheel's Waterfront, Veneto has 1400 villas & townhouses and 1200 low rise apartments.

Matt Joyce, Managing Director, Waterfront, Nakheel, said, "Initial response to Veneto has been remarkable, re-confirming the huge demand for coastal living on the fringe of a bustling city centre. Veneto also offers something completely unique in its design, boasting stunning modern architecture unlike anything previously seen in the market".

Veneto has been master planned to create an exclusive waterside neighborhood on the fringe of Waterfront City, the urban heart of the new metropolis. The real estate development in Dubai will accommodate a population of 14,000 residents. Handover for the initial phase of villas is expected in the second half of 2009.