Dubai - Dubai-based master developer Nakheel is heading back to MIPIM for the fourth year running to showcase plethora of real estate investment opportunities – including newly-launched residential projects – collectively worth more than USD15.8 billion.
Nakheel, which first represented Dubai at MIPIM in 2016, returns to Cannes to further build its international investor portfolio, which already comprises nearly 30,000 global clients, including 3,500 from Europe, with investments totalling USD35 billion.
The developer, which shot to fame in the early 2000s with the creation of the world-famous, award-winning Palm Jumeirah, comes to MIPIM 2019 with a new range of real estate at prime locations across the city.
Among them are ready-to-occupy and off plan residential units, with prices from USD122,000, 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 at MIPIM this year 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, 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 and land plots at Deira Islands and other prime locations across the city are also available.
Since its debut at MIPIM in 2016, Nakheel has sold more than USD730 million worth of property, with 550 units, collectively worth USD300 million being purchased in the last 12 months.
The company has also awarded construction contracts worth USD3.8 billion, delivered its first two hotels, opened new retail and entertainment destinations, including the USD220 million Pointe at Palm Jumeirah, and launched a host of new residential, retail and hospitality projects since its first visit to the show in 2016.
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.
“We are delighted to return to MIPIM for the fourth consecutive year, and look forward to building on the success of our previous visits by showcasing an exciting range of projects to a highly knowledgeable and influential audience.”
Nakheel’s marquee at MIPIM features scale models of three iconic projects: the award-winning Palm Jumeirah and its luxury homes, hotels and attractions; Deira Islands, Nakheel’s new, 15.3 sq km waterfront city at Dubai’s original trading hub; and PALM360, a 260 metre, iconic, twin-tower project on Palm Jumeirah, comprising a Raffles hotel, Raffles-branded residences and the world’s largest sky pool.
To find out more about Dubai, Nakheel and the investment opportunities on offer, visit stand C20, MIPIM, Palais des Festivals, Cannes, 12-15 March 2019.
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Media contact: Rebecca Rees on +9714 375 9702 (rebecca.rees@nakheel.com)
Media interviews with Nakheel are available at MIPIM. Contact: Rebecca Rees, Nakheel (+9714 375 9702 / +971 50 658 7192 rebecca.rees@nakheel.com) or
Noemie Mourot (+44 775 816 4730 noemie.mourot@innesco.co.uk)
About Nakheel (www.nakheel.com):
Dubai-based Nakheel is a world-leading master developer whose innovative, landmark projects form an iconic portfolio of master communities and residential, retail, hospitality and leisure developments that are pivotal to realising Dubai’s vision. Nakheel’s waterfront projects, including the world-famous, award-winning Palm Jumeirah, have added more than 300 kilometres to Dubai’s original, 70km coastline, paving the way for the development of hundreds of seafront homes, resorts, hotels and attractions.
Nakheel’s current master developments span 15,000 hectares, accommodate nearly 300,000 people and provide a growing range of destinations, attractions and facilities for Dubai’s residents and tourists. They include Palm Jumeirah, The World, Jumeirah Park, Jumeirah Village, Al Furjan, The Gardens, Discovery Gardens, Jebel Ali Village, Dragon City, International City and the upcoming Deira Islands – a new destination for tourism, living and leisure at Dubai’s oldest, most traditional trading hub.
Nakheel Malls, Nakheel’s retail arm, has 17 million sq ft of leasable space across 19 projects, including large-scale malls and souks, leisure destinations and community shopping centres. Operational assets, with five million sq ft of leasable space between them, include Ibn Battuta Mall and Dragon Mart, both of which are undergoing further expansion, and Golden Mile Galleria, The Pointe and Club Vista Mare on Palm Jumeirah. Upcoming malls due to open in 2019 include Nakheel Mall on Palm Jumeirah, The Night Market at Deira Islands and Warsan Souk at Warsan Village. Other projects include Deira Mall at Deira Islands, Al Khail Avenue at Jumeirah Village and Nad Al Sheba Mall.
Nakheel Hospitality’s project portfolio currently comprises 18 resorts, hotels and serviced apartment complexes, ranging from five star, luxury establishments to modest accommodation, with over 6,600 rooms and hotel apartments between them. Two are operational, with the rest at various stages of development. Working with international, reputable hospitality brands, Nakheel is bringing new concepts to Dubai in line with the government’s tourism vision. Joint venture partners currently include Spain’s RIU Hotels & Resorts and Thailand’s Centara Hotels & Resorts, with management agreements with Accor Hotels (Raffles), Marriott Hotels & Resorts (St. Regis), Minor Hotels (Avani) and Hilton (DoubleTree) also in place. Nakheel’s hospitality project collection also includes 24 community clubs, restaurants and lounges.
Nakheel’s residential leasing portfolio currently comprises 17,000 villas and apartments at The Gardens, Discovery Gardens, Jebel Ali Village, Palm Jumeirah, Badrah, Veneto and International City, with more on the way at Nad Al Sheba, Warsan Village and other areas across Dubai.
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