The Cannes, France-based real estate exhibition, conference and networking event, which took place on March 13 – 16, provided an opportunity for Nakheel to encourage more international investors to become part of Dubai’s growing real estate sector. New investment opportunities include residential units, offering rental yields of up to nine percent, and land plots for commercial, residential or hotel development. The company currently has nearly USD14 billion worth of projects under construction or development.
Speaking at MIPIM, Sanjay Manchanda, CEO, Nakheel, said, “Our large and diverse range of existing and upcoming projects is pivotal to further enhancing Dubai’s position as global hub for living, trade, tourism, leisure and investment.”
The centrepiece of Nakheel’s marquee at MIPIM was a scale model of Palm Jumeirah and a model of the 15.3 km2 Deira Islands waterfront city, where Nakheel has already invested more than USD2.3 billion into infrastructure and project construction.