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Dubai: Her Excellency Madame Dang Thi Ngoc Thinh, Vice President of the Socialist Republic of Vietnam and Ali Rashid Lootah, Chairman of Nakheel, today held talks to explore a long term collaboration for real estate development.
The Vice President and her government delegation visited Nakheel’s Dubai headquarters for discussions before touring the world-famous, flagship Palm Jumeirah by boat.
The group learned how Nakheel’s creativity and innovation continues to set new standards in master planning, waterfront development and urban design, and how this unrivalled experience can be applied in Vietnam, where Limitless, Nakheel’s sister company, is already developing the AED2 billion, 126 hectare, tourism-focussed Halong Star project through a joint venture with a Vietnamese partner.
Overlooking the UNESCO World Heritage Site on Vietnam’s north-east coast, Halong Star includes hospitality, residential, retail and leisure components. Ground preparation and infrastructure work is in progress.
Halong Bay expects to attract 15 million visitors a year by 2020.
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Media contact: Rebecca Rees on +971 4375 9702 ( Rebecca.rees@nakheel.com )
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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