These are to be announced at the upcoming Cityscape Global event from September 11
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.
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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.”
UAE nationals pitch in with Dh37b in 18 months from January 2016
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.
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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.