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Sat 7 Nov 2015 11:15 AM

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Nakheel seeks to grow $2.5bn Indian investment portfolio

Dubai developer to showcase major projects at Mumbai show; Indians currently account for 11% of its customers

Nakheel seeks to grow $2.5bn Indian investment portfolio
Nakheel chairman Ali Rashid Lootah.

UAE-based real estate master developer Nakheel is showcasinng major projects in India this weekend as it looks to build on investments from the sub continent which already total about $2.5 billion.

The company will be highlighting projects including Deira Islands, a variety of projects on the world-famous Palm Jumeirah, a range of residential offerings at Warsan Village and several large-scale retail projects across Dubai at the Dubai Real Estate Show in Mumbai which started on Friday.

Nakheel said Indian investors already account for more than 11 percent of its customers, buying almost 4,400 villas, apartments and land plots with a combined value of around $2.5 billion.

Nakheel chairman Ali Rashid Lootah 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 Dubai Property 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 $300 million alone."

Nakheel said residential developments on show in Mumbai include The Palm Tower Residences and Azure Residences on the developer's global landmark project, Palm Jumeirah, and townhouses at Warsan Village near one of its largest communities, International City.

Nakheel added that it is also offering investment opportunities at a selection of large-scale retail, dining and entertainment hubs in Dubai.

Among them are Nakheel Mall and The Pointe on Palm Jumeirah; Deira Mall on Deira Islands and Al Khail Avenue and the Circle Mall at Jumeirah Village.

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