DUBAI / WAM
UAE master developer Nakheel , creator of some of the worldâ€™s most famous landmark real estate projects, is targeting European investors with a diverse range of products worth AED 4 billion (â‚¬1 billion) as it attends MIPIM, the worldâ€™s largest real estate event, for the first time.
Investment opportunities include around 100 land plots for commercial, residential or hotel development and around 1,000 built-form residential units, with rental yields of between five and nine per cent annually, at prime locations across Dubai.
The only Dubai developer exhibiting at the conference this year, Nakheel is looking to add to its already-extensive pool of European investors, whose investments currently total nearly AED7 billion (â‚¬1.7 billion). The company will focus on institutional investors and those in the hospitality and retail sectors during MIPIM, which has 21,000 participants.
Since its launch in 2001, Nakheel has delivered a range of iconic, landmark developments that have helped transform Dubai into a world-leading destination for living, tourism and trade. The company awarded construction contracts worth AED 8 billion in 2015, with another AED 8 billion due this year for new projects being developed in line with the Government of Dubaiâ€™s vision for 2021.