By Philip P. Merrell
Real estate developer Nakheel reveals plans to build Dhs2.5 billion villa complex in Nad al Sheba, Dubai.
Spread over 2.5 million square feet, the development will comprise 900 luxury three to five bedroom houses, each boasting a swimming pool. The complex will also house a retail centre, cafes, a sports facility and access to Nakheel’s beach facilities at Palm Jumeirah.
At the beginning of this month, Nakheel announced that, in the first half of 2014, it experienced a rise in profits by 54 per cent. A rise in Dubai’s rental prices and a handover of more than 620 completed …Read more