DUBAI / WAM
Dubai-based master developer Nakheel is heading back to MIPIM, the leading real estate exhibition held at Palais des Festivals in Cannes, France, for the fourth year. The developer will showcase plethora of real estate investment opportunities — including newly-launched residential projects — collectively worth more than $15.8 billion.
Nakheel, which first represented Dubai at MIPIM in 2016, returns to Cannes to further build its international investor portfolio, which already comprises nearly 30,000 global clients, including 3,500 from Europe, with investments totalling $35 billion. Since its debut at MIPIM in 2016, Nakheel has sold more than $730 million worth of property, with 550 units, collectively worth $300 million being purchased in the last 12 months.
The company has also awarded construction contracts worth $3.8 billion, delivered its first two hotels, opened new retail and entertainment destinations, including the $220 million Pointe at Palm Jumeirah, and launched a host of new residential, retail and hospitality projects since its first visit to the show in 2016.
Nakheel Chairman, Ali Rashid Lootah, said, “Nakheel’s past, present and future projects are pivotal to Dubai’s achievements, and we continue to deliver gro-und-breaking, landmark developments that capture the attention of investors the world over.”
“A global hub for living, leisure, trade and tourism, the city is already a magnet for real estate investment, and recently-introduced government initiatives, including long term and retirement visas, make it an even more attractive proposition.”