Master developer Nakheel has sold off-plan villas worth a total of AED800m ($218m) at its recently launched Murooj al-Furjan development in four hours.

Phase one, which comprises 217 four- and five-bedroom homes, was released on 20 May and is now sold out, according to a statement from Nakheel. “The overwhelming response to Murooj al-Furjan highlights investor trust in Dubai real estate, continued buoyancy in the villa sector, and demand for quality homes with excellent on-site amenities,” said a Nakheel spokesperson in the statement.

The Murooj al-Furjan project involves building 418 villas next to the existing Al-Furjan neighbourhood. Construction of Murooj al-Furjan will begin this year, with anticipated completion in 2024. Villa prices start at AED2.9m. 

Covering an area of 5 square kilometres, the development will be made up of gated communities comprising 314 four-bedroom villas and 104 five-bedroom villas, in addition to landscaped green areas and scenic walkways, and a host of on-site sports and leisure facilities for residents.

Murooj al-Furjan will complement the existing 1,700 villas and townhouses and 2,800 apartments at the existing Al-Furjan community.