Phase 1 of Andalusia sold and delivered in 18 days


09/02/2014 10:19 AST

National Properties, a subsidiary of National Bonds Corporation, announced on Friday that the entire first phase of its renowned Andalusia Collection has been sold and delivered in only 18 days.

The Collection, which forms part of the renowned “The Villa” project in Dubai, consists of 69 premium villas to be released in three phases, with the first phase comprised of 31 villas already sold out and keys handed over to 31 customers.

Phase 2, consisting of 16 villas, went on sale February 1 and with consumer demand already high, it is expected to be sold out just as quickly as Phase 1.

“The success of the Andalusia Collection has emanated from our vision to deliver high-end real estate on par with international standards right here in Dubai,” said Mohammed Qasim Al Ali, General Manager of National Properties. “We are delighted to be fulfilling that vision, by successfully delivering an ensemble of villas that are unique in design, unparalleled in grandeur and unmatched in quality and value.”

Embracing the unique concept and highly popular Spanish theme that defines The Villa project, the Andalusia Collection recognises the historical link between the people of the Middle East and the legendary Spanish region Andalusia — a name that is derived from the Arabic word ‘Al Andalus’.

The Andalusia Collection villas captures the architectural elements in stunning detail and presents them in three types of spacious luxury villas on generous plot sizes that reach up to 30,000 sqft.

Khaleej Times
Economic and Business News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 127 470,450
ETISALAT 17.15 1,265,926
GFH 0.6
EMIRATESNBD 8 953,900
DAMAC 3.04 4,480,836
DANA 0.67 63,659,571
SABIC 102.33 6,566,984
Recent News

Maaden announces new Vice Chairman
The Saudi Arabian Mining Company (Maaden) announces the Board of Directors decision on June 21, 2017 of appointing H.E. Sulaiman Bin Abdulrahman Al-Gwaiz (non-executive member) as the Vice Chairman f

QNB sees minimal impact from standoff
Qatar National Bank said it expects to meet its earnings targets as the ongoing Saudi-led campaign to ‘isolate’ the country has minimal impact on its operations.

The Middle East’s largest le

Egypt seeks FDI boost as its economy struggles
Egypt’s investment ministry has finalised a much-anticipated set of regulations outlining incentives that it hopes will lure back badly needed foreign investors, Investment Minister Sahar Nasr told R

Qatar bourse says Gulf institutions dumped Qatari shares
The Qatar Stock Exchange on Wednesday said it believed some institutional investors from Saudi Arabia, the UAE and Bahrain dumped shares to drive down the Qatari stock market in the wake of the diplo

UAE banks clear $175bn cheques in 5 months
A total of 12.922 million cheques worth Dh643.7 billion ($175 billion) were handled by the UAE Clearing Cheque System during the first five months of 2017, according to the UAE Central Bank data.

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?