Nakheel targets European institutional investors with glam new projects

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Master developer Nakheel headed back to Cannes in France recently to exhibit at the huge property market show MIPIM. There it showcased real estate investment opportunities collectively worth more than US $15.8 billion.

Nakheel, which first represented Dubai at MIPIM in 2016, aims to further build its international investor portfolio, which already comprises nearly 30,000 global clients, including 3,500 from Europe, with investments totalling $35 billion.

Nakheel shot to fame in the early 2000s with the creation of the Palm Jumeirah. In 2019, the developer has a luxurious new range of real estate at prime locations across Dubai. Among them are ready to occupy and off-plan residential units, with prices from $122,000, down payments as low as five per cent, long term payment plans and attractive rental yields. Land plots, also with attractive payment plans, for commercial, residential or hotel development are also available.

Two new Nakheel projects available are Dragon Towers, a twin-building, high-rise apartment complex at Dubai’s Dragon City community, and Jumeirah Park Homes, a collection of four-bedroom terraced homes – each with a private pool – at the high-end Jumeirah Park community.

A range of other properties is also available including luxury apartments in The Palm Tower on Palm Jumeirah, ready homes at the waterfront Azure Residences (also on The Palm), high-end homes at Al Furjan, as well as land plots at Deira Islands.

Since its debut at MIPIM in 2016, Nakheel has sold more than $730 million worth of property, with 550 units collectively worth $300 million being purchased in the last twelve months.

The company has also awarded construction contracts worth $3.8 billion, delivered its first two hotels, opened new retail and entertainment destinations, including the $220 million Pointe at Palm Jumeirah, and launched a host of new residential, retail and hospitality projects.

Nakheel Chairman, Ali Rashid Lootah said: “Nakheel’s past, present and future projects are pivotal to Dubai’s achievements, and we continue to deliver ground-breaking, landmark developments that capture the attention of investors the world over.

“A global hub for living, leisure, trade and tourism, the city is already a magnet for real estate investment, and recently introduced government initiatives, including long term and retirement visas, make it an even more attractive proposition.”

Nakheel is one of the world’s leading developers and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. The developer continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.