The Palm Tower, Dragon Towers and more on show in Shanghai
Master developer Nakheel is heading to China to showcase Dubai’s unrivalled real estate investment opportunities at the Luxury Property Show (LPS) in Shanghai this weekend (6 - 8 December).
The developer is looking to expand its Far East / South-east Asia investor portfolio, which already boasts over 1,100 customers who have bought 1,500 Nakheel properties, collectively worth AED1.5 billion.
Nakheel is exhibiting a diverse range of properties – from luxury apartments on the world-famous Palm Jumeirah to stylish flats at Dubai’s biggest Chinese community – with annual rental yields that can reach up to seven per cent.
More than 200,000 Chinese people currently live in Dubai, with 50,000 residing at International City, the biggest Chinese community in the emirate. In addition, 1,700 Chinese traders have invested in Dragon Mart, the world’s largest Chinese trading hub outside China, which welcomes 40 million visitors a year.
Aqil Kazim, Chief Commercial Officer at Nakheel, said: “Dubai is an increasingly popular city for investment from this part of the world. Two years ago, we had 600 investors from this region; today the figure has almost doubled to more than 1,100, with Chinese people accounting for 90 per cent of customers.
“LPS is the perfect platform from which to encourage more investors from this region to become part of Dubai’s ever-growing real estate sector.” Taking centre stage at the Nakheel stand in Shanghai is a scale model of the world-famous Palm Jumeirah, Nakheel’s flagship master development, which is home to 78,000 residents and a host of residential, hospitality and retail projects.
Among the diverse range of projects on The Palm is The Palm Tower, Nakheel’s 52-storey, 240 metre tall hotel and residential building at the heart of the island, where luxury apartments are on sale from AED1.8 million. The Palm Tower consists of a 289-room St. Regis hotel and 432 residences, topped off by a rooftop pool, restaurant and viewing deck offering panoramic views of the island and the Dubai skyline. The tower is connected to Nakheel Mall, which opened last month.
Also on show in Shanghai is Dragon Towers, a twin-building residential complex at Dragon City, with 1,142 stylish one- and two-bedroom apartments and onsite health, fitness and retail facilities. Prices start at AED477,800. Located on the edge of International City, home to Dubai’s biggest Chinese community, Dragon City also comprises the world-famous Dragon Mart retail and trading hub and two hotels.
A number of other investment opportunities are available. To find out more about Nakheel and its projects, visit B03 at the Luxury Property Show, Shanghai Exhibition Centre, 6 to 8 December.
