ID :
12064
Thu, 07/10/2008 - 16:05
Auther :
Shortlink :
https://oananews.org//node/12064
The shortlink copeid
Nakheel sales innovation continues with Jumeirah Islands auction
Dubai, July 10, 2008 (WAM) - Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, has continued its innovation in property sales with the Jumeirah Islands auction success - the company's first ever auction for private residences.
During the private auction Nakheel received bids from pre-registered buyers for luxurious Mansions located in Jumeirah Islands, providing the last opportunity to purchase villas at the hugely successful development. The highest bid fetched Dh25.25 million, with the highest price per square foot reaching nearly Dh3,000. The average price per square foot reached an impressive Dh2,660 for plot sizes that ranged from 11,500 to 16,000 squarefeet.
The auction follows Nakheel's radical and well-received 'sealed bid' process for land sales of its Canal District at Waterfront in which 23 plots were sold, and is part of new initiatives spearheaded by Nakheel and approved by the Real Estate Regulatory Authority (RERA) which are setting new standardsof transparency and openness for land sales.
Jumeirah Islands Mansions is a residential development located at the centre of the community and adjacent to a new clubhouse. The mansions, which are set for completion in early 2009, each include five bedrooms, six receptionareas and a private swimming pool.
Conveniently located to Palm Jumeirah, Ibn Battuta Mall, Dubai Media and Internet City, and the five star hotels and beaches of Jumeirah Beach Road, Jumeirah Islands is set across 300 hectares of land, with 75% of the community dedicated to open space. The series of water features and lakes which feature throughout Jumeirah Islands encourages the development's lushleafy foliage and creates the impression of an oasis in the desert.
Community facilities include children's play areas, cycle and jogging trails and a convenience store. A new residents' clubhouse, incorporating a gym, restaurant, and other recreational facilities is scheduled to open towardsthe end of 2008.
During the private auction Nakheel received bids from pre-registered buyers for luxurious Mansions located in Jumeirah Islands, providing the last opportunity to purchase villas at the hugely successful development. The highest bid fetched Dh25.25 million, with the highest price per square foot reaching nearly Dh3,000. The average price per square foot reached an impressive Dh2,660 for plot sizes that ranged from 11,500 to 16,000 squarefeet.
The auction follows Nakheel's radical and well-received 'sealed bid' process for land sales of its Canal District at Waterfront in which 23 plots were sold, and is part of new initiatives spearheaded by Nakheel and approved by the Real Estate Regulatory Authority (RERA) which are setting new standardsof transparency and openness for land sales.
Jumeirah Islands Mansions is a residential development located at the centre of the community and adjacent to a new clubhouse. The mansions, which are set for completion in early 2009, each include five bedrooms, six receptionareas and a private swimming pool.
Conveniently located to Palm Jumeirah, Ibn Battuta Mall, Dubai Media and Internet City, and the five star hotels and beaches of Jumeirah Beach Road, Jumeirah Islands is set across 300 hectares of land, with 75% of the community dedicated to open space. The series of water features and lakes which feature throughout Jumeirah Islands encourages the development's lushleafy foliage and creates the impression of an oasis in the desert.
Community facilities include children's play areas, cycle and jogging trails and a convenience store. A new residents' clubhouse, incorporating a gym, restaurant, and other recreational facilities is scheduled to open towardsthe end of 2008.
