Dubai’s Nakheel Showcases EUR 14 bn Property Projects in Munich

Dubai’s Nakheel Showcases EUR 14 bn Property Projects in Munich

Dubai-based developer Nakheel is the only Dubai developer to showcase an array of real estate projects, collectively worth EUR 14 bn, for the second consecutive year at the Expo Real 2018 real estate fair held in Munich, Germany from October 8 to 10, Invest-Gate reports.

“Nakheel is showcasing a diverse selection of investment opportunities including completed and off-plan residential units – offering rental yields of 6% and above – and land plots for commercial, residential, or hotel development at prime locations such as the world-famous Palm Jumeirah and the up-and-coming Deira Islands,” the developer said in an official statement on October 8.

“We are delighted to be back at Expo Real to represent Dubai and its unrivaled opportunities for investors to become part of the city’s exciting, ever-growing real estate scene,” Nakheel’s Chairman Ali Rashid Lootah was quoted as saying.

Nakheel has over 27,500 foreign investors who have invested EUR 28 bn on more than 42,000 land plots or built units. “Europeans account for nearly 4,000 of them, with EUR 1.9 bn worth of investments with the company. In the last 12 months alone, 360 investors from Europe have bought EUR 174 mn worth of Nakheel property,” the statement added.

The developer’s arrival in Munich comes few days after Dubai’s government announced its new tourism targets – 21 to 23 mn annual visitors to the emirate by 2022 and 25 mn by 2025.

“Nakheel’s ground-breaking, landmark developments – past, present, and future – are key to enhancing Dubai’s position as a global hub for living, trade, tourism, leisure, and investment,” Lootah added.

Since its first visit to Expo Real three years ago, Nakheel announced year-on-year (YoY) profit increases, delivery of nearly 5,400 units to clients, construction contracts of up to EUR 3.7 bn, delivery and opening of new retail and hospitality destinations, and a wide range of new projects launched across all real estate sectors, the statement concluded.


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