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Deira Islands master community

Nakheel to showcase $4.6bn projects at India expo

DUBAI, November 3, 2015

                                                                                                                                                    

UAE-based real estate master developer Nakheel will showcase projects worth more than $4.6 billion in construction costs at the Dubai Real Estate Show in Mumbai, India this week.

A range of master developments, residential properties and retail projects by Nakheel are on show at the three-day event, taking place at the Mumbai Exhibition Centre, from November 6 to 8.

Among them are the new 15.3-sq-km master Deira Islands master community, a variety of projects on the world-famous Palm Jumeirah, a range of residential offerings at Warsan Village and several large-scale retail projects across Dubai.

Indian investors already account for more than 11 per cent of Nakheel customers, buying almost 4,400 villas, apartments and land plots with a combined value of around $2.5 billion.

Nakheel chairman Ali Rashid Lootah said: “Indians are the top foreign property investors in Dubai, and key to Nakheel’s own customer portfolio.  We have a huge Indian customer base now, with one in 10 of our investors coming from India.  The Dubai Property Show is an ideal platform at which to highlight our diverse range of investment opportunities, some of which are in world-famous locations such as Palm Jumeirah, where Indian people have already invested more than US$300 million alone.”

“Dubai offers the complete package when it comes to real estate investment.  Its excellent transport and social infrastructure attracts people from all over the world to live and work in the emirate, meaning a strong demand for rental properties. Nakheel itself has more than 17,000 rental units with long waiting lists, which is why we are building thousands more as part of our future business strategy,” he added.

Nakheel’s residential developments on show in Mumbai include The Palm Tower Residences and Azure Residences on the developer’s global landmark project, Palm Jumeirah, and townhouses at Warsan Village near one of its largest communities, International City. – TradeArabia News Service




Tags: nakheel | Deira | Mumbai |

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