Nakheel to Invest £660 million in London

The Palm Tower and Nakheel Mall
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Dubai-based Nakheel lands in London with GBP660 million of real estate to boost British investment in Dubai. Palm Jumeirah developer sets sights on UK buyers through Platinum Sponsorship of Dubai Property Show, Olympia on 13-15 May 2015…reports Asian Lite News

The Palm Tower and Nakheel Mall
The Palm Tower and Nakheel Mall

Nakheel, the creator of some of the world’s most famous landmarks including Palm Jumeirah, will showcase GBP660 million (AED3.5 billion) worth of real estate in London this week as it aims to further boost British investment in Dubai.

As Platinum Sponsor and the biggest developer at the Dubai Property Show, Olympia, Nakheel will take centre stage to highlight the unrivalled 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. Prices start at GBP273,000 (AED1.45 million).

Nakheel’s current and future retail project portfolio covers more than 15 million square feet of leasable space. Retail destination developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Nakheel Mall, The Pointe, The Golden Mile, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. Nakheel also has several neighbourhood community centres in operation or under development.

Aqil Kazim, 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 GBP1 billion (AED5 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.

“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.

Nakheel's Crystal Loung
Nakheel’s Crystal Loung

Nakheel’s 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.

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.

Aqil Kazim added: “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.”

To find out more about Dubai, Nakheel and the investment opportunities available, visit stand D1, Dubai Property Show, London Olympia, 13-15 May 2015.