Dubai’s Nakheel targets European investors with €1 billion real estate projects
UAE master developer Nakheel, creator of some of the world’s most famous landmark real estate projects, is targeting European investors with a diverse range of products worth AED 4 billion (EUR 1 billion) as it attends MIPIM, the world’s largest real estate event, for the first time.
Investment opportunities include around 100 land plots for commercial, residential or hotel development and around 1,000 built-form residential units, with rental yields of between five and nine per cent annually, at prime locations across Dubai.
The only Dubai developer exhibiting at the conference this year, Nakheel is looking to add to its already-extensive pool of European investors, whose investments currently total nearly AED7 billion (EUR 1.7 billion). The company will focus on institutional investors and those in the hospitality and retail sectors during MIPIM, which has 21,000 participants.
Some 3,600 investors from Europe have already bought 4,700 land plots or residential units – collectively worth AED 7 billion (EUR 1.7 billion) – from Nakheel. British citizens account for 70 per cent of investors, with over AED 4.9 billion (EUR 1.2 billion) invested, followed by buyers from The Netherlands, Ireland, Germany, Belgium, France, Sweden, Italy, Denmark and Portugal.