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Nakheel to launch Dh3.2b worth of projects

These are to be announced at the upcoming Cityscape Global event from September 11

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Dubai: Nakheel will be launching six projects with a combined value of Dh3.2 billion at Cityscape Global next week, including one at its flagship Palm Jumeirah. The master-developer’s current portfolio spans 15,000 hectares and Dh50 billion worth of projects.

The new additions will also extend to retail and hospitality, both of which are now integral to the master-developer’s longer term plans to grow its top-line numbers as well as yields.

“At Cityscape, we will demonstrate our pivotal role in realising the Government of Dubai’s vision for 2021, and highlight Dubai’s unrivalled investment opportunities for investors,” said Ali Rashid Lootah, Nakheel’s Chairman. “We continue to deliver and diversify in line with government goals and our own business strategy. And while development remains our core business, we are focussing on growing our hospitality, retail and leasing divisions by creating a range of new hotels, resorts, F&B destinations, malls and tourists attractions across the city.”

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Indians, Pakistanis pour Dh27b into Dubai real estate

UAE nationals pitch in with Dh37b in 18 months from January 2016

Aug 30 - ORE Blog

Dubai: Indian and Pakistani nationals put in a combined Dh27 billion-plus into Dubai property over the last 18 months, with the number of transactions they were involved in totalling 16,000.

Indian buyers continue to make up the largest contingent of overseas buyers, with Dh20 billion.

Saudi investors bought Dh12 billion-plus of property during the same period, while Jordanian and Egyptian citizens pumped in more than Dh4 billion.

But UAE nationals are still the highest spending grouping, with Dh37.4 billion, according to data from the Dubai Land Department.

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Developer gets on with last residential tower plot in JLT

The G+39 storey structure will cost Dh600m and take two years to build

Aug 22 - ORE Blog

The ground plus 39-storey high-rise, named IGO 101 will have an average sale price at Dh1,275 a square foot. The main contractor will be named in December.

Dubai: The “last available plot” in JLT (Jumeirah Lake Towers) for a residential tower is now seeing action on the ground. The developer IGO is building a ground plus 39-storey high-rise, named IGO 101, on it and launching immediate sales, with the average price at Dh1,275 a square foot. Completion of the Dh600 million project (which includes the cost of land) is due in 24 months. The main contractor is to be named in December.

Currently, there are only a handful of new tower projects at JLT, which includes the Burj 2020 from the master-developer DMCC and a mixed-use Taj Hotels-branded one from Signature Developers.

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Dubai real estate projects worth Dh21b launched in first half

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Figures reaffirm the momentum and sustainability of Dubai’s real estate market, which is following an upward growth trajectory


DUBAI: Dubai Land Department, DLD, has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until the first half of 2017.

In a statement, DLD confirmed that 68 real estate projects were registered during the first half of 2017, representing a value of Dh21 billion.

Sultan Butti Bin Mejren, Director-General of DLD, said, “Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects.”

Bin Mejren added that 713 developers are registered in DLD’s database, alongside a total of 483 projects.

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Nakheel awards over Dh430m contracts for Deira Islands

Aug 10 - ORE Blog

Deals are for sewage treatment plant, district cooling plant, substation and piling work for an 800-room resort


Master developer Nakheel has awarded four contracts — collectively worth more than Dh430 million — for Deira Islands, its new, 15.3 square kilometre waterfront city currently under construction in Dubai.

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