UAE’s Nakheel to present $1.6bn showcase in China
Nakheel will be presenting over $1.6bn real estate investment opportunities at the Dubai Property Show in Shanghai, with the Palm 360 project as the highlight of the master developer's showcase
Dubai-headquartered master developer, Nakheel will be showcasing real estate investment opportunities worth more than $1.6bn at the Dubai Property Show, taking place in Shanghai from 24 to 26 March, 2017.
According to the developer, it is looking to expand its Southeast Asian investment portfolio, which already comprises 600 customers who have bought nearly a thousand Nakheel properties. Collectively, those properties are said to be worth $270m.
Set to take centre stage in Nakheel’s Shanghai showcase is Palm 360, the developer’s latest addition to Palm Jumeirah, featuring 1,115m2 penthouses that tower 220m above the island; an infinity sky pool that is longer than a football pitch; and 360-degree views of Dubai.
Also on show will be Warsan Village, Nakheel’s new gated community close to International City and Dragon Mart, where more than 50,000 Chinese people live or work. The Nakheel stand will also feature a range of studios, apartments, townhouses, villas, and land plots at various other areas of Dubai.
Aqil Kazim, chief commercial officer of Nakheel, pointed out that Dubai currerntly has 200,000 Chinese residents, making up 10% of the city’s population.
He said: “We are delighted to bring our projects to Shanghai, where we will highlight the unrivalled investment opportunities Dubai offers to Chinese people. Investors from [Southeast Asia] have already bought nearly 1,000 units, collectively worth almost $270 million, with Chinese investors accounting for 90% of them.”
Kazim further noted: “Thousands more Chinese people have invested in Dragon City, our sprawling, ever-expanding mixed-use complex in Dubai and home to Dragon Mart, the world’s biggest Chinese trading hub outside China, which welcomes 40 million visitors a year.
“The Dubai Property Show is the perfect platform from which to tell our story, and to encourage more international investors to be part of Dubai’s exciting future.”