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Lootah speaking to the media at Expo Real in Munich.

Nakheel unveils key projects at German expo

DUBAI, October 6, 2015

Leading regional developer Nakheel is showcasing its major projects and meeting potential new investors at the 2015 Expo Real, a global trade fair for property and investment, being held in Munich, Germany.

The expo, which opened at the New Munich Trade Fair Centre on Monday, concludes tomorrow (October 7).

Nakheel had in January this year, signed a joint venture with the German real estate brokerage firm Engel & Völkers to tap into new markets.

The deal with Hamburg-based premium real estate brokerage helped create a new company specialising in selling and leasing land and properties across the emirate. Located at Nakheel’s head office, the company is now firmly established and operating under the Engel & Völkers brand.

Nakheel chairman Ali Rashid Lootah is at the German expo with a team of senior managers to capitalise on the company’s relationship with Engel & Völkers by showcasing the company’s Dubai developments and meeting potential new investors.

Speaking to the journalists in Munich, Lootah said: "Our collaboration with Engel and Volkers helps us to tap into new markets and give investors the opportunity to be part of Dubai’s future, and Expo Real is the perfect platform for this."

A major highlight at the Nakheel pavilion is the Deira Islands, a new, 15.3-sq-km coastal creation that is set to transform the Deira area of Dubai into a vibrant tourism, retail and leisure hub, and add 40 km, including 21 km of beach, to the emirate’s coastline.

The project, master-planned and developed by Nakheel in line with the Government of Dubai’s vision for 2021, includes waterfront hotels, serviced residences, marinas and retail attractions, including Deira Mall and Deira Islands Night Souk.

Nakheel is also planning to build five hotels at Deira Islands, and already has joint ventures with Spain’s RIU Hotels & Resorts and Thailand’s Minor Hotel Group for two of them.-TradeArabia News Service




Tags: nakheel | Germany | Engel & Völkers |

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