Dubai, 24 Sept 04 (WAM) -- Nakheel, one of the world's premiere propertydevelopers behind some of the most iconic projects in Dubai has announcedthat Jumeirah Village, its latest property development is fully sold out.

More than 7000 villas and townhouses in Jumeirah Village were sold outin one day since the project was launched last Thursday (September 22,2004). Enthusiastic buyers from the UAE and the GCC region lapped up theproject's spacious two and three bedroom villas, and the one and two bedroomtownhouses, which are to be constructed among distinct landscaping inclassic Arabic and Mediterranean architectural styles. An additional1000 villas and townhouses, which were due to be released at the secondphase expansion of Jumeirah Village, were also sold out with the initialoffering of 6000 villas, owing to the huge interest shown by the investorsin owing property at the development. Investors were queuing up in frontof Jumeirah Village's sales office long before the official opening hoursuntil late evening on Thursday to make their bookings in the development.

Sultan Ahmed bin Sulayem, Chairman of Nakheel, said: "We are certainlyoverwhelmed by the response to Jumeirah Village from the investors whowere keen to own property in the project. Jumeirah Village is the latestself sustained community development by Nakheel that promotes an idyllicvillage lifestyle set amidst pristine surroundings and unsurpassed leisureand lifestyle amenities, in the most desirable district of Dubai."With the complete sale of properties in the development, Jumeirah Villagejoins a distinguished portfolio of Nakheel projects that were lapped upin record time. Properties on The Palm Jumeirah were completely sold outin 72 hours. Similarly, properties on other iconic Nakheel projects suchas The Palm Jebel Ali, Jumeirah Islands, Jumeirah Lake Towers and InternationalCity were also sold to high profile investors from all over the world.

"The enthusiastic response to Nakheel's unique offerings is a testamentto the vibrancy of Dubai's real estate developments that caters to theinvestors' needs," said Bin Sulayem. "The niche for Community livingis on the rise in Dubai and Nakheel has been successful in fulfilling theneeds of this segment by conceiving exclusive projects like the JumeirahVillage. Nakheel extends its sincerest gratitude to the discerning investorswho has once again placed their trust in us and vindicated the uniquenessof our offerings."The Jumeirah Village is planned around four distinct themes, offeringa diverse range of amenities, retail and leisure facilities for the developmentsresidents and guests, including two international schools, town and countryclubs, community centre, medical clinics, jogging and cycling trails andcommunity sports centres. Centrally located in Jumeirah in the New Dubaiarea, the development lies in close proximity to industry specific freezones such as Dubai Media City, Dubai Internet City and the Jebel AliFree Zone and some of Dubai's most iconic projects such as The Palm Jumeirahoffering the residents, umpteen touristic, leisure and entertainment possibilities.