14.03.2017 Dubai’s Nakheel on MIPIM with USD 1.6 billion worth of real estate
Dubai-based master developer Nakheel is targeting international investors with a plethora of real estate opportunities worth USD 1.6 billion (GBP 1.3 billion / EUR1.5 billion) at MIPIM, the world’s premier real estate summit, this week.
The developer is showcasing a diverse range of investment opportunities including land plots for commercial, residential or hotel development and completed built-form residential units – offering rental yields of up to nine per cent annually – at prime locations across Dubai.
Nakheel, creator of iconic, globally-famous developments including Palm Jumeirah, The World and the upcoming Deira Islands, is aiming to add to its existing pool of international customers, whose investments already total nearly USD 28 billion (GBP 26.5 billion / EUR 23 billion).
Since its launch in 2001, Nakheel has delivered ground-breaking, landmark developments that have helped to transform Dubai into a global hub for living, tourism and trade. The company continues to play a key role in further shaping Dubai into a world-class destination – and a magnet for overseas investors – by delivering new projects in line with the Government of Dubai’s vision.
Nakheel awarded construction contracts worth more than USD 800 million (GBP 658 million / EUR 757 million in 2016, with another USD 2.7 billion (GBP 2.2 billion / EUR 2.5 billion) due this year.
Speaking at MIPIM, Nakheel CEO Sanjay Manchanda, said: “Nakheel is proud to be back at MIPIM to build on the success of last year.
“In the 12 months since MIPIM 2016, Nakheel has announced record annual profits of USD 1.35 billion (GBP 1.1 billion / EUR 1.28 billion), signed joint ventures with international partners, completed the first phase of infrastructure at Deira Islands and opened an extension, Metro link and hotel at Ibn Battuta Mall. We also unveiled PALM 360, our new, iconic landmark hotel and residential development on Palm Jumeirah – and one of the highlights at MIPIM 2017.
“Dubai is home to the world’s busiest airport, the host of Expo 2020 and an increasingly-popular tourism hotspot. Its population is expected to double to 5.2 million by 2030 and the Government is targeting 20 million annual tourists by 2020. All this adds up to one of the world’s fastest-growing cities that continues to offer unrivalled opportunities for investors.”
More than 27,000 investors have already bought 41,000 land plots or residential units – collectively worth USD 30 billion (GBP 24.7 billion / EUR 28.4 billion) – from Nakheel, with Palm Jumeirah, Jumeirah Village and Jumeirah Islands among the most popular investments.
The Nakheel stand at MIPIM features scale models of the world-famous Palm Jumeirah and the recently-announced PALM 360, a landmark twin-tower hotel and residential complex towering 220 metres (656 feet) above Palm Jumeirah, offering 1,115 square metre (12,000 sq ft) penthouses, a rooftop infinity pool and, as the name suggests, 360 degree views of Dubai.
Also on show is Deira Islands, the new, 15.3 sq km coastal city that is transforming Dubai’s Deira district into a world-class tourism, retail and entertainment hub, where Nakheel has already invested more than USD800 million (GBP658 million / EUR757 million) in infrastructure and project construction. A range of residential units – some ready for handover – at various locations across Dubai, is also featured.
The developer is showcasing a diverse range of investment opportunities including land plots for commercial, residential or hotel development and completed built-form residential units – offering rental yields of up to nine per cent annually – at prime locations across Dubai.
Nakheel, creator of iconic, globally-famous developments including Palm Jumeirah, The World and the upcoming Deira Islands, is aiming to add to its existing pool of international customers, whose investments already total nearly USD 28 billion (GBP 26.5 billion / EUR 23 billion).
Since its launch in 2001, Nakheel has delivered ground-breaking, landmark developments that have helped to transform Dubai into a global hub for living, tourism and trade. The company continues to play a key role in further shaping Dubai into a world-class destination – and a magnet for overseas investors – by delivering new projects in line with the Government of Dubai’s vision.
Nakheel awarded construction contracts worth more than USD 800 million (GBP 658 million / EUR 757 million in 2016, with another USD 2.7 billion (GBP 2.2 billion / EUR 2.5 billion) due this year.
Speaking at MIPIM, Nakheel CEO Sanjay Manchanda, said: “Nakheel is proud to be back at MIPIM to build on the success of last year.
“In the 12 months since MIPIM 2016, Nakheel has announced record annual profits of USD 1.35 billion (GBP 1.1 billion / EUR 1.28 billion), signed joint ventures with international partners, completed the first phase of infrastructure at Deira Islands and opened an extension, Metro link and hotel at Ibn Battuta Mall. We also unveiled PALM 360, our new, iconic landmark hotel and residential development on Palm Jumeirah – and one of the highlights at MIPIM 2017.
“Dubai is home to the world’s busiest airport, the host of Expo 2020 and an increasingly-popular tourism hotspot. Its population is expected to double to 5.2 million by 2030 and the Government is targeting 20 million annual tourists by 2020. All this adds up to one of the world’s fastest-growing cities that continues to offer unrivalled opportunities for investors.”
More than 27,000 investors have already bought 41,000 land plots or residential units – collectively worth USD 30 billion (GBP 24.7 billion / EUR 28.4 billion) – from Nakheel, with Palm Jumeirah, Jumeirah Village and Jumeirah Islands among the most popular investments.
The Nakheel stand at MIPIM features scale models of the world-famous Palm Jumeirah and the recently-announced PALM 360, a landmark twin-tower hotel and residential complex towering 220 metres (656 feet) above Palm Jumeirah, offering 1,115 square metre (12,000 sq ft) penthouses, a rooftop infinity pool and, as the name suggests, 360 degree views of Dubai.
Also on show is Deira Islands, the new, 15.3 sq km coastal city that is transforming Dubai’s Deira district into a world-class tourism, retail and entertainment hub, where Nakheel has already invested more than USD800 million (GBP658 million / EUR757 million) in infrastructure and project construction. A range of residential units – some ready for handover – at various locations across Dubai, is also featured.
