Nakheel will delay the sale of more homes at Al Furjan, a community development in Dubai, until it sees a rebound in demand for property.
About 2,000 homes, which have all been sold, are under construction as part of the first phase and are on track for completion by the end of next year, according to Mohammed Rashed, the project’s general manager. “We are sticking to the schedule for the first 2,000 villas,” he said. “In terms of the other phases, we’ll be evaluating the market and when we see an opportunity, we’ll launch more products.”
Mr Rashed said the move was part of “a readjustment of Nakheel’s short-term plans to deliver what they have committed to their customers in an efficient way”.
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