Metro extension to benefit thousands of Dubai property investors and residents, says Nakheel
Jebel Ali, Al Furjan, Discovery Gardens and The Gardens stations operating from New Year’s Day
Tens of thousands of investors and residents in some of Nakheel’s most popular communities will benefit from the opening of four new Dubai Metro stations on 1 January 2021, says master developer Nakheel.
Stations at Jebel Ali, The Gardens, Discovery Gardens and Al Furjan will be up and running on New Year’s Day as part of the RTA’s Route 2020 Metro extension, enhancing the communities, bringing more convenience to residents and visitors, and potentially boosting property values in the area.
Nakheel’s Al Furjan, Discovery Gardens and The Gardens communities collectively span nearly 1,000 hectares and are home to almost 95,000 people.
Aqil Kazim, Nakheel Chief Commercial Officer, said: “Our congratulations to the RTA on the opening of this part of the Route 2020 extension. The new stations will be a much-welcomed start to the New Year for third party developers, property owners, residents, retailers and business at these communities.
“Research shows that properties within walking distance of a Metro station command higher sales and rental rates, and show more resilience compared to those in other areas.
“Throughout 2020, we have seen increased demand for villas, and have now sold out of our luxury family homes at Al Furjan. While this uptick is largely the result of lifestyle changes in the wake of the pandemic with investors looking for more indoor and outdoor space, the proximity to a Metro station will have also played a role in many people’s buying decisions.”
About Nakheel (www.nakheel.com)
Dubai-based Nakheel is a world-leading master developer whose innovative, landmark projects form an iconic portfolio of master communities and residential, retail, hospitality and leisure developments that are pivotal to realising Dubai’s vision. Nakheel’s waterfront projects, including the world-famous, award-winning Palm Jumeirah, have added more than 300 kilometres to Dubai’s original, 70km coastline, paving the way for the development of hundreds of seafront homes, resorts, hotels and attractions.
Nakheel’s master developments span 15,000 hectares, accommodate nearly 300,000 people and provide a growing range of destinations, attractions and facilities for Dubai’s citizens, residents and tourists. They include Palm Jumeirah, The World, Jumeirah Islands, Jumeirah Park, Jumeirah Village, Al Furjan, The Gardens, Discovery Gardens, Jebel Ali Village, Dragon City, Nad Al Sheba Villas, Warsan Village, International City and the upcoming Deira Islands – a new destination for tourism, living and leisure at Dubai’s oldest, most traditional trading hub.
Nakheel Malls owns and operates a diverse range of world-class retail experiences with a distinct portfolio of iconic lifestyle, shopping, dining and entertainment destinations across Dubai. Palm Jumeirah is home to The Pointe, featuring the world’s largest fountain, The Palm Fountain, as well as Nakheel Mall, Golden Mile Galleria, Club Vista Mare, The Palm Monorail, Palm West Beach, and the upcoming observation deck, The View. Nakheel Malls’ expanding portfolio also includes distinguished, large-scale shopping centres such as Ibn Battuta Mall and Dragon Mart, as well as retail Pavilions at six Nakheel residential communities. Upcoming projects include Souk Warsan, Al Khail Avenue and The Circle Mall.
Nakheel Hospitality’s project portfolio comprises a diverse range of hotels and resorts, including five star, luxury establishments, family-friendly resorts and stylish, modern hotels. Premier Inn Ibn Battuta Mall, Avani Ibn Battuta, ibis Styles Dragon Mart, Premier Inn Dragon Mart and the Riu Dubai – the first project to be completed at Deira Islands and the first of two international joint ventures under which Nakheel is bringing new hospitality concepts to Dubai in line with the government’s tourism vision – are open. The St. Regis Dubai – The Palm, part of Nakheel’s Palm Tower landmark mixed-use project at the heart of Palm Jumeirah, and Nakheel’s second joint venture, the Centara Mirage Beach Resort Dubai, are scheduled to open in 2021. Nakheel Hospitality’s project collection also includes a range of community clubs and restaurants across Dubai.
Nakheel Residential Leasing’s portfolio currently comprises 17,000 villas and apartments at The Gardens, Discovery Gardens, Jebel Ali Village, Al Furjan, Nad Al Sheba Villas, Palm Jumeirah, Badrah, Veneto and International City.
