Emirates Business 24/7 reporetd that Dubai based Nakheel is constructing over 2,000 villas across its various projects and expects Arabtec Holding to restart work on Al Furjan project shortly.

A company spokesperson said that more than 2,000 villas are being constructed. Most of the projects that were to be delivered in 2010 will be delivered in 2011. Besides, Arabtec will commence work on Al Furjan shortly. No details were given on when the work will actually start.

Nakheel, the property arm of Dubai World had earmarked the 1,500 villa Al Furjan site as one of six projects that it had prioritized for completion. Arabtec was awarded the USD 953 million deal to build Al Furjan in June 2008 but halted work in January this year due to non payment of arrears.

In September, Nakheel announced that Al Shafar Transport and Contracting Company had started work on the 300 villas in the same project with 63 villas likely to be handed over by year end. Subsequent handovers till continue till fourth quarter of 2011.

The master developer has recommenced work on 8 projects which include Al Furjan, Jumeirah Village, Jumeirah Park, Jumeirah Heights Clusters, Veneto, Badhrah, Jumeirah Islands Mansions and International City.

(Sourced from Emirates Business 24/7)