Nakheel's Veneto stage one launch is a sell out

Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, announced today that stage one of its exclusive residential community Veneto, comprising of 716 units has sold out within five days of its public launch.

As the first community to launch on Nakheel's Waterfront, 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 new metropolis.

Matt Joyce, Nakheel Managing Director, Waterfront said:

«Initial response to Veneto has been remarkable re-confirming the huge demand for coastal living on the fringe of a bustling city centre. Veneto also offers something completely unique in its design, boasting stunning modern architecture unlike anything previously seen in the market. This, combined with the wealth of amenities, landscaped parks and breathtaking views across the canal and Arabian Gulf, has produced an overwhelmingly positive response.»

The modern villas and townhouses are surrounded by plenty of open 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. In addition, residents will be able to enjoy tree-lined pedestrian walkways, waterfront boardwalks and active marinas, with 92 canal properties offering their own private berths. In total, Veneto will comprise of 1400 villas and townhouses, and 1200 low rise apartments to accommodate an eventual population of 14,000 residents. Handover for the initial phase of villas is expected in the second half of 2009.