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July 20, 2014

Nakheel to develop 1,000-villa community at Nad Al Sheba in Dubai

UAE-based real estate developer Nakheel has unveiled plans to develop a 1,000-villa master planned community at Nad Al Sheba in Dubai.

By admin-demo

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UAE-based real estate developer Nakheel has unveiled plans to develop a 1,000-villa master planned community at Nad Al Sheba in Dubai.

The AED2.5bn ($680.6m) project will include 900 three- to five-bedroom villas for lease and a resort-style complex of 100 serviced residences, all with private swimming pools.

Dubai-based Arif and Bintoak Consulting Architects and Engineers will provide design and engineering services for the project at a cost of AED27m ($7.35m).

Spanning an area of 2.5 million square feet, the community will feature extensive landscaping and communal park areas, and a range of onsite facilities for residents, including a club house and retail centre with shops, cafes, a community pool and sports courts.

"Nakheel ‘s new residential and resort-style community at Nad Al Sheba will further enhance our growing leasing, hospitality and retail offerings, all of which are key to our long-term business strategy."

Residents at the 100 serviced villa complexes will have access to additional facilities such as an onsite health club with spa, wellness centre and lap pool, a restaurant, in-villa private dining, and housekeeping and laundry services.

In addition, residents will have access to Nakheel ‘s beach facilities on Palm Jumeirah in Dubai and daily transport to the city’s malls and attractions.

Nakheel chairman Ali Rashid Lootah said: "Nakheel ‘s new residential and resort-style community at Nad Al Sheba will further enhance our growing leasing, hospitality and retail offerings, all of which are key to our long-term business strategy.

"Our current residential leasing portfolio of almost 17,000 homes continues to be in huge demand, with almost 100% occupancy across the entire range. We expect an equally-positive response to our new development announced today."

Nakheel plans to float the construction tender for the project in three months with a contract planned to be signed by the end of 2014.

The project is scheduled to be completed by 2016.


Image: Rendering of the upcoming gated community of 1,000 villas in Dubai. Photo: courtesy of Nakheel .

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