NEW PROJECTS
Launch of Murooj
Al Furjan Villas
26th May 2021
The prices mentioned in the article are
current as of the date of publication
The prices mentioned in the article are current as of the date of publication
About Murooj
Al Furjan Villas
The famous Dubai-based master developer Nakheel Properties has just released a new luxurious addition to its residential community Al Furjan.
The highly anticipated project, Murooj Al Furjan will comprise 418 standalone villas. This development will be constructed right in the middle of the Al Murjan neighbourhood. Its convenient location near Sheikh Mohammed bin Zayed Road and Ibn Battuta Mall will ensure quick access to the Pavilion Center, Al Furjan Club and the Dubai Metro Stations.
Murooj Al Furjan will cover the total area of five million sqft across two new gated communities. The master plan involves over one million sq. ft of communal space with a children’s pool, play areas, tree-lined walkways, tennis and basketball courts, parks, barbecue and picnic areas, as well as a running track. The first phase of the project comprises 104 four-bedroom villas and 314 three-bedroom villas, situated among the vast green landscapes with a range of onsite sports and leisure facilities.
The size of the four-bedroom villas will vary from 2,932 to 3,547 sq. ft and the plot will cover from 4,919 to 7,910 sq. ft. The starting price of a four-bedroom residence is AED 2.9M, USD 790K. The BUA of the five-bedroom villas will cover 3,907 to 4,033 sq. ft, while the size of the plot will be 5,946 to 8,958 sq. ft. The price for a five-bedroom villa starts from AED 4.1M, USD 1.2M.
The construction of the project is expected to be completed in the second quarter of 2024. As Murooj Al Furjan has just been unveiled, investors and end-users can benefit from attractive property prices and a flexible payment plan. For payment plans, the booking deposit amounts to 5% of the property price, then another 5% payment will be made 60 days after the booking. From October 2021 to November 2023, the buyer will pay 30% of the total property cost. The remaining 60% must be paid after the handover.
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