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Nakheel has signed a Dh3 billion ($816.84 million) contract with Arabtec Construction to build the first 1,500 homes at its Al Furjan development, in Dubai.
Construction work on the project is expected to commence next month (August), with the first residences expected to be delivered in the third quarter of 2010.
Al Furjan captures the principles of traditional neighbourhood living, combining spacious villas and terraced housing with abundant open spaces and a multitude of amenities. Set in 540 hectares south of Ibn Battuta Mall and adjacent to Discovery Gardens and The Gardens, Al Furjan will boast more than 4,000 homes. Combined with apartments, hotels and commercial and mixed-use plots in the developments surrounding Al Furjan, this will result in a day time population of approximately 90,000 people.
