Social networks show people queuing up to one of the largest developers in the UAE – Nakheel company. Murooj Al Furjan West is the second phase of the project and includes 360 townhouses.
Development of the Dubai housing market
This was the last time before the global pandemic, when demand exceeded profitable developers' offers, forcing potential buyers to line up. Analysts believe that the heightened interest in Nakheel properties and the increase in the total value of real estate transactions this year indicate an increase in the inflow of investors.
Nakheel developer has commissioned three- and four-bedroom houses with an initial price of AED 1,850,000. Experts say that such popularity is due not only to the activation of the real estate market. Other reasons include:
- Affordable cost for housing with a plot of land.
- Convenient location close to Sheikh Zayed Road.
Company officials say that during the start of sales, they took maximum security measures, including social distance in a spacious waiting area.