Dubai's Nakheel targets Singapore as it seeks new investors

Developer to hold two-day roadshow as it looks to build on $245m sales from South-east Asia and Far East
Dubai's Nakheel targets Singapore as it seeks new investors
Nakheel banners
By Staff writer
Fri 21 Oct 2016 12:12 AM

Developer Nakheel has announced it is targeting new investors from Singapore as investment returns from rental income in Dubai continues to dwarf many major cities around the world.

Dubai’s real estate investment opportunities will be set out in Singapore this week at an exclusive investor roadshow hosted by Nakheel as part of its ongoing drive to tap into new markets.

The roadshow comes as research shows annual return on investment from rental income on Dubai real estate averages 7.6 percent – over four times that of Hong Kong (1.8 percent) and more than double the return in London (3.2 percent) and Singapore (3 percent).

Nakheel, creator of globally-renowned projects such as Palm Jumeirah, will highlight the benefits of owning a property in Dubai while showcasing a range of iconic, world-class projects in the emirate, a statement said. 

Nakheel said investors from Singapore and other parts of South-east Asia and the Far East have already bought around 500 of its villas, apartments or land plots, spending a combined AED900 million ($245 million).

The company said it aims to boost these numbers by showcasing its projects during the two-day roadshow at the Four Seasons Singapore on October 22-23.

Among the projects are The Palm Tower, a 52-storey, luxury residential and hotel complex with a rooftop infinity pool 220 metres above ground and PALM 360, a twin tower landmark featuring 12,000 sq ft penthouses complete with private infinity pools, gymnasiums and cinemas.

Nakheel chairman Ali Rashid Lootah said: “Since our formation in 2001, Nakheel has played a pivotal role in transforming Dubai into a global destination for living, tourism and trade, and a magnet for overseas investors.

“Home to the world’s busiest airport, host of Expo 2020, an increasingly-popular tourism hotspot and with a population expected to double by 2030, Dubai offers countless new opportunities for investors who want to be part of the city’s exciting future.

"As the city continues to grow, so does the need for more accommodation and attractions for residents, tourists and businesspeople. All of this means more new and lucrative opportunities for investors.”

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