First phase of Nakheel Madinat Al Arab sold

Published July 31st, 2005 - 07:13 GMT
Al Bawaba
Al Bawaba

First phase of Madinat Al Arab, the planned urban downtown at the heart of Dubai Waterfront, has been completely sold out. Phase one of the landmark project was sold out for approximately Dh13 billion within just five days of its unveiling.


Nakheel, the owner of Dubai Waterfront, announced that the exceptional value that is offered in this integrated development could be gauged from the speed with which the investment commitments have been received for Madinat Al Arab.