Dubai-based developer Nakheel will take part in this year’s MIPIM, an international property summit.
The four-day event will be held in Cannes, France from March 13 to 16.
Nakheel will showcase real estate opportunities that are collectively worth over US$2.5bn and encourage more international investors to become part of Dubai’s growing real estate sector.
According to a press statement, the developer already has over 28,000 international investors, with investments of almost US$30bn.
Nakheel is taking part in the event for the third consecutive year.
The developer will showcase a range of real estate investment opportunities at prime locations across Dubai. “Among them are residential units, offering rental yields of up to nine percent, and land plots for commercial, residential or hotel development,” Dubai Media Office reported.
Sanjay Manchanda, CEO, Nakheel, said, that the company is proud to play a key role in the city’s achievements.
“Our large and diverse range of existing and upcoming projects is pivotal to further enhancing Dubai’s position as a global hub for living, trade, tourism, leisure and investment.
“We are delighted to return to Cannes and honoured to represent Dubai for a third consecutive year. We look forward to building on the success of our previous visits as we further highlight Dubai’s ever-growing, unrivalled investment opportunities for investment to MIPIM’s highly knowledgeable, influential audience,” he said.
The centrepiece of Nakheel’s marquee at MIPIM will be a scale model of the world-famous, award-winning Palm Jumeirah, home to top-flight hotels and resorts, luxury apartments and waterside homes and a growing range of new retail and leisure attractions.
PALM360, an iconic, twin-tower hotel and residential complex soaring 260m above the island, is also on show. PALM360 comprises a Raffles hotel, Raffles-branded residences including 16 penthouses each spanning 1,115sq metre, the world’s largest rooftop infinity pool and, as the name suggests, 360-degree views of Dubai.
The company will also present the 15.3sq km Deira Islands waterfront city, where Nakheel has already invested more than US$2.3bn in infrastructure and project construction.