Nakheel and DIB launch first project
Tashyed, the property development joint venture set up by Nakheel and Dubai Islamic Bank, has today broken ground on its first development at Jumeirah Heights. Located on land sourced from Nakheel, and comprising a built-up area of approximately 625,000 sq ft, this lake-front development will offer residential accommodation in the heart of New Dubai. The project will consist of approximately 250 to 300 apartments, townhouses and villas accommodating a population of more than 1,000 people. Commencement of the project is expected in the first quarter of 2009.
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