Nakheel seeks European investors for $16bn worth of Dubai projects - MIPIM News

Nakheel showcases at MIPIM projects valued at $15.8bn, including a big push into the hospitality sector. Chairman Ali Rashid Lootah said: “We’re particularly interested in investors from Europe. Numbers of European investors have grown in recent years — they’re now up to 3,500 — and we want to build on that.”

At MIPIM for the third time, Lootah said Nakheel is constantly expanding both in Dubai and abroad and that its success over the past decade has been based on having a strong and excellent team. “That’s the heart of any company,” he said. “The keys to both Nakheel and the Dubai economy in general are optimism, resilience and diversity.”Nakheel 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 $122,000 (€108,000), down payments as low as 5%, 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 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. “We’re also looking to talk to institutional investors about our hospitality masterplan which we’ll be showing at MIPIM.

Since its debut at MIPIM in 2016 Nakheel has sold more than $730m worth of property with 550 units, collectively worth $300m.“Nakheel’s past, present and future projects are pivotal to Dubai’s achievements, and we continue to deliver groundbreaking landmark developments that capture the attention of investors the world over,” Lootah said.

This article was first featured in the MIPIM News Issue 1; read it in full here…!


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Graham Parker

MIPIM News editor-in-chief Graham Parker is a UK-based freelance journalist and editor. After taking a degree in English he trained as a surveyor before moving into real estate journalism. He is editor of Retail Destination and has been editor of Europroperty , property editor at Retail Week and European bureau chief for globest.com.

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