Jumeirah Village sold out on Day 1
Dubai's latest freehold project brings 7000 new homes to the market
The latest major waterfront residential project from Nakheel, Jumeirah Village was launched and sold-out within a day, according to the developer. More than 7000 villas and townhouses in Jumeirah Village were sold. Buyers from the UAE and the GCC bought the project’s two- and three-bedroom villas, and the one- and two-bedroom townhouses, which are to be constructed in classic Arabic and Mediterranean architectural styles in a landscaped environment.
Reacting to the demand, Nakheel sold an additional 1000 villas and townhouses, which were due to be released when the second phase of expansion of Jumeirah Village was announced. A Nakheel statement said investors had queued up in front of Jumeirah Village’s sales office long before the opening. “We are certainly overwhelmed by the response to Jumeirah Village from investors. Jumeirah Village is the latest self-sustained community development by Nakheel that promotes an idyllic village lifestyle,” said Nakheel chairman Sultan Ahmed bin Sulayem. Properties on Palm Jumeirah too were completely sold out in 72 hours.
“The enthusiastic response is a testament to the vibrancy of Dubai’s real estate developments that caters to the investors’ needs,” said bin Sulayem. “The niche for community living is on the rise in Dubai and Nakheel has been successful in fulfilling the needs of this segment by conceiving exclusive projects like the Jumeirah Village.”
Jumeirah Village is planned around four distinct themes, offering a diverse range of amenities, retail and leisure facilities for the development’s residents and guests, including two international schools, town and country clubs, community centre, medical clinics, jogging and cycling trails and community sports centres.
Centrally located in Jumeirah in the New Dubai area, the development lies in close proximity to industry specific free zones such as Dubai Media City, Dubai Internet City and the Jebel Ali Free Zone and some of Dubai’s best projects such as Palm Jumeirah. It is just off Sheikh Zayed road and adjacent to Jumeirah Islands.
The development will house 2883, two- to four-bedroom villas and 3184 one- to two-bedroom townhouses. These villas and townhouses will have distinctive red roof tiles, arches, carved doors, ornamental spiral columns, patterned tile floors and wall surfaces whose architectural designs follow thematic geometric and floral patterns.
Jumeirah Village is planned around four distinct themes. The Gateway Village, which is the centerpiece to the development, offers retail and leisure facilities as well as a variety of amenities. The Canal Village features a scenic and vibrant waterfront lifestyle with luxuriant water views.
The Paradise Village offers lush green grounds and plenty of open spaces, where families can enjoy a stroll in landscaped surroundings and gardens. The Marina Village forms the nodal point of all maritime activities offering berthing space for small boats.
“The four themes have been chosen as they reflect a cosmopolitan lifestyle which is the forte of Jumeirah,” said bin Sulayem.