Nakheel announces launch of Veneto Waterfront's most prestigious address

Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, has announced the launch of Veneto the most exclusive residential district in Waterfront. As the first community to launch in the world's largest coastal development, Veneto is set to become one of the most prestigious addresses in Dubai.

Veneto features city centre living close to Sheikh Zayed Road with each home no further than two kilometres from the coastline. With a limited number of elegant villas and low-rise townhouses, Veneto has been masterplanned to create an exclusive waterside neighbourhood on the fringe of Waterfront City, the urban heart of the metropolis.

The modern villas and townhouses are surrounded by a wealth of space and an array of amenities such as mosques, community centres, nurseries, schools, community pools and health care facilities. Veneto will offer stunning views of landscaped parks and waterways; residents will be able to enjoy tree-lined pedestrian walkways, waterfront boardwalks and active marinas, with 92 canal properties offering their own private berths.

Matt Joyce, Nakheel Managing Director, Waterfront said:

«It is with great pride that Nakheel launches the first community in Waterfront. It is exceptionally rare in Dubai for new villas to be located in such close proximity to a city centre, so Veneto is bringing something totally unique to homebuyers, particularly as this is as a waterfront project. Veneto is set to become one of the most exclusive addresses in Dubai and there has already been a tremendous response from the market.»

Veneto will comprise of 1400 villas and townhouses, and 1200 low rise apartments to accommodate an eventual population of 14,000. Handover for the initial phase of villas is expected in the second half of 2009.