December 03, 2008

Nakheel reports 3 fold increase in sales in 2008

Nakheel a Dubai World company and one of the world's largest and most innovative real estate developers recently announced that 2008 sales to date are showing a threefold increase on 2007's full year figures.”

Nakheel said that till date more than 6,100 Nakheel units in Dubai have been sold or reserved, exceeding their own ambitious targets. Unit sales in 2008 comprised more than two-third apartment over a quarter villa and 5% land plots.

Mr Manal Shaheen director of Sales, Marketing and Customer Service at Nakheel said that "We are delighted but by no means surprised by this year's phenomenal sales success. Demand for Nakheel's Dubai properties continues to rise across residential and commercial sectors and we see no signs of this demand abating.”

Nakheel is providing 50% of Dubai's residential supply by building homes for 3 million people and plans to create 10 million square feet of retail space.