Published On:January 1 2013
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Nakheel to relaunch luxury villas on Jumeirah Park
Property developer Nakheel has awarded contracts worth $136 million to two local construction firms for a luxury villa project stalled after Dubai's property market collapse.
The developer, which successfully restructured a $16 billion debt in 2011, will self-finance the construction of 381 luxury villas on Jumeirah Park.