Nakheel unveils $936m projects at London show
DUBAI, May 10, 2016
Leading master developer Nakheel is set to showcase £660 million ($936 million) worth of real estate projects at the upcoming Dubai Property Show in London.
Creator of some of the world’s most famous landmarks including Palm Jumeirah, Nakheel said its current developments in Dubai span almost 15,000 hectares – enough to house more than 21,000 international-size football pitches – and provide homes for more than 270,000 people.
As a platinum sponsor, Nakheel will take centre stage at the London show highlighting the immense investment opportunities on offer in Dubai – the city that many Britons already call their second home – through nearly 1,200 residential units and land plots on the award-winning Palm Jumeirah and at other locations in the emirate with prices starting at £273,000 ($393,592).
Aqil Kazim, the chief commercial officer at Nakheel, said: "The Dubai Property Show is the perfect opportunity to showcase our projects to an audience that is already our third largest group of investors outside the Middle East. Our customer database includes over 2,500 UK customers who have spent close to £1 billion ($1.4 billion) on 3,300 of our properties, so far."
“Dubai’s world-famous landmarks and enviable lifestyle need no introduction to the UK. More than 100,000 British people live in Dubai, close to a million are expected to visit as tourists or on business this year and 4,000 UK companies and educational institutions operate in the emirate. And while thousands of Britons have already seized the opportunity to be part of Dubai’s real estate success story, many may not realise the substantial returns gained from buying a property in the city," noted Kazim.
“Dubai’s excellent quality of life and top-flight facilities, schools and entertainment act as a magnet for expatriates to live and work in the emirate. These people need accommodation, creating a huge demand for rental properties, which offer impressive investment returns," he added.
Nakheel properties on sale include luxury high-rise apartments and high-end beachfront units on the iconic Palm Jumeirah, and a wide range of stylish, spacious townhouses and villas at several Nakheel communities, including Jumeirah Islands, Jumeirah Park, Al Furjan and Warsan Village.
Some are ready to move into, while others are in the advanced stages of construction, with most due for completion this year.
The developer is also offering limited investment opportunities through land plots for mixed-use development at various master communities in Dubai.
Kazim said: “Dubai is home to the world’s busiest airport, an increasingly-popular tourism hotspot, the venue for Expo 2020 and has a population that is expected to double to five million by 2030. All of these add up to countless new opportunities for investors who want to be part of its exciting future."
“We look forward to bringing our properties to London, and to further strengthening Dubai’s long-standing relationship with this part of the world,” he added.-TradeArabia News Service