Nakheel to showcase $4.6bn of projects in India

The UAE-based developer will present master developments, residential properties, and retail projects at the Dubai Real Estate Show in Mumbai

Indian investors are key to Nakheel’s customer portfolio, according to the developer’s chairman, Ali Rashid Lootah (above).
Indian investors are key to Nakheel’s customer portfolio, according to the developer’s chairman, Ali Rashid Lootah (above).

Nakheel has revealed plans to showcase $4.6bn of projects to Indian investors.

The UAE-based developer will present a selection of master developments, residential properties, and retail projects at the Dubai Real Estate Show, which will take place in Mumbai from 6-8 November.

The developments on show will include the firm’s 15.3km2 Deira Islands master community, a selection of projects on Palm Jumeirah, residential offerings within Warsan Village, and several large-scale retail projects across Dubai.

Commenting on the event, Ali Rashid Lootah, chairman of Nakheel, said: “Indians are the top foreign property investors in Dubai, and key to Nakheel’s own customer portfolio. We have a huge Indian customer base now, with one in 10 of our investors coming from India. The [show] is an ideal platform at which to highlight our diverse range of investment opportunities, some of which are in world-famous locations such as Palm Jumeirah, where Indian people have already invested more than $300m alone.”

Indian investors comprise more than 11% of Nakheel’s customer base, accounting for almost 4,400 villa, apartment, and land plot sales worth a combined value of $2.5bn.

“Dubai offers the complete package when it comes to real estate investment,” added Lootah. “Its excellent transport and social infrastructure attracts people from all over the world to live and work in the Emirate, meaning a strong demand for rental properties. Nakheel itself has more than 17,000 rental units with long waiting lists, which is why we are building thousands more as a part of our future business strategy.”

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