Nakheel heads to MIPIM with $1.6bn worth of projects
Dubai-based master developer Nakheel is heading to France with $1.6bn worth of real estate to target international investors at MIPIM, the worlds premier real estate summit.
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 percent annually at prime locations across Dubai.
Nakheel, creator of 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 $28bn.
Nakheel awarded construction contracts worth more than $800mn in 2016, with another $2.7bn due this year.
Speaking at MIPIM, Nakheel CEO Sanjay Manchanda, said: In the 12 months since MIPIM 2016, Nakheel has announced record annual profits of $1.35bn, 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 worlds 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 tourists annually by 2020. All this adds up to one of the worlds 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 $30bn from Nakheel, with Palm Jumeirah, Jumeirah Village and Jumeirah Islands among the most popular investments.
Nakheels 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 above Palm Jumeirah, offering 1,115 sq mtr 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 Dubais Deira district into a world-class tourism, retail and entertainment hub, where Nakheel has already invested more than $800mn in infrastructure and project construction. A range of residential units some ready for handover at various locations in Dubai is also featured.
To find out more about Dubai, Nakheel and the investment opportunities on offer, visit Nakheel at stand C20, MIPIM, Palais des Festivals, Cannes, 14-17 March 2017.
