Register
Rendering of The Palm Tower and Nakheel Mall. (photo: Nakheel)
Rendering of The Palm Tower and Nakheel Mall.
24.01.2016, 17:38

Nakheel to Showcase US$4.6 Billion of Projects in Hong Kong

Company News, Real Estate

Nakheel, the Dubai-based master developer of some of the world's most famous landmarks including The Palm Jumeirah, will be showcasing more than US$4.6 billion of projects at the Dubai Property Show which opens in Hong Kong next week.

Nakheel, the Dubai-based master developer of some of the world's most famous landmarks including The Palm Jumeirah, will be showcasing more than US$4.6 billion of projects at the Dubai Property Show which opens in Hong Kong next week. 

With 15,000 hectares under development or already developed (including completed residential units that accommodate 200,000 people), the UAE-based developer will be the largest exhibitor at the three-day event which is highlighting real estate opportunities in the Emirate of Dubai.

Investors from the Indian sub-continent are the company's largest overseas customer group after purchasing 4,400 properties with a transaction value of US$2.5 billion.

Hong Kong-based investors have already spent US$245 million on 500 villas, apartments and plots of land (with Chinese purchasers accounting for some 80 per cent of the total or 390 properties with a transaction value of US$212 million).

Compatriots have also invested in Nakheel's recently-expanded retail and trading complex in Dubai, Dragon Mart, which is the world's biggest Chinese trading hub outside mainland China, with more than 4,000 shops, restaurants and entertainment outlets welcoming an average off 80,000 visitors daily.

Commenting on the event, Nakheel Chairman, Ali Rashid Lootah said:

"The Dubai Property Show is the ideal platform from which to highlight how investors in Hong Kong can be part of the Dubai real estate success story, as end-users or with a view to renting out.

"Dubai's excellent transport, education, trade and leisure facilities act as a magnet for people to live and work in the Emirate. These people need accommodation which generates huge demand for rental properties that offer substantial investment returns".
 
He further added that the company looks forward to "strengthening" its relationship with investors in South-East Asia at the event.
 

Projects on show in Hong Kong will include the 15.3 square kilometre Deira Islands coastal city; luxury high-rise apartments in the 52-storey Palm Tower and high-end waterfront units at Azure Residences at Palm Jumeirah; and spacious three-bedroom townhouses at Warsan Village, a new, gated community located near Dragon Mart and Nakheel's biggest planned community, International City.

Warsan Village and International City are already home to 300 investors from China and the Far East.


Deira Islands

Deira Islands, a 15.3 sq Km waterfront city, is set to transform Dubai's Deira district into a world-class hub for tourism, retail and entertainment, adding 40 km, including 21 km of beachfront, to Dubai's coastline in the process.

The project will contribute significantly to the Government of Dubai's tourism vision by paving the way for the development of hundreds of new hotels, serviced apartments, mixed-use buildings and residential waterside developments.

Nakheel itself is developing a significant amount of the 4.5 million square metre south island, creating a unique creek side destination with an array of retail, entertainment and hospitality attractions including Deira Mall; Deira Towers and Boulevard and Deira Islands Night Souk.

Additionally, the Dubai company is developing five hotels at Deira Islands, with planned joint ventures already announced for three of them with Spain's RIU Hotels & Resorts, Thailand's Minor Hotel Group and Thailand-based Centara Hotels & Resorts.


The Palm Tower Residences, Palm Jumeirah

The 52-storey Palm Tower, currently under construction at the heart of Palm Jumeirah, is a landmark development with 504 luxury residences and a five star, 290-room hotel - to be managed by Starwood Hotels & Resorts under the luxury St Regis brand - with an array of dining and leisure facilities, including a rooftop infinity pool, restaurant and viewing deck

The Residences, on sale from around US$460,000, comprise furnished studios and one, two and three bedroom apartments with uninterrupted, panoramic views of Palm Jumeirah, the Arabian Gulf and the Dubai skyline.

The Palm Tower is adjacent and linked to Nakheel Mall, also under construction, meaning residents will have more than 300 shops, cinemas, medical facilities, fitness centres and a roof terrace with fine dining outlets on their doorstep.

Palm Jumeirah's beach clubs and other retail and entertainment outlets are within easy reach, too.


Azure Residences, Palm Jumeirah

Azure Residences is a new collection of beachfront apartments and dining outlets on Palm Jumeirah's eastern shoreline. With spectacular views of the Arabian Gulf and Dubai's skyline, Azure Residences includes 170 one and two bedroom apartments - which will ready for occupation by summer - and nine restaurants, including the Breakwater signature restaurant with 360 degree water and city views. There is also a sea-facing infinity pool, rooftop gym, 266 car parking spaces and mooring facilities for water taxis.

Apartments come with an equipped kitchen and private terrace. Prices start from approximately US$690,000 for one bedroom units and US$1.28 million for the two bed option. All two bedroom units have a maid's room. Azure Residences is close to a wide range of retail, dining and entertainment developments on the island including the newly-opened Golden Mile Galleria and the upcoming Nakheel Mall, The Pointe, Palm Tower, Boardwalk and Palm Promenade.


Warsan Village

Warsan Village is a new gated, mixed-use community with over 1,300 quality, three-bedroom townhouses, a sprawling souk with 1,170 shops, a mosque and a sports and recreation centre.

Currently under construction, Warsan Village is set on a 47.5 hectare site close to the recently expanded Dragon Mart retail hub.

Each town house covers 2,000 square feet and comes with a maid's room, three bathrooms, powder room, two balconies, private garden and parking for two cars. Prices start at around US$480,000.

At the heart of Warsan Village will be a recreation centre with swimming pool, sports courts and gymnasium; a mosque with car parking; and extensive shaded, green space including a large park with a 1.7km jogging track. The community also features Warsan Souk, a vibrant retail and dining hub with 1,170 shops, two department stores and 30 cafes and restaurants with indoor and outdoor dining. The souk, designed as a modern take on a traditional Arabic souk is already fully leased.

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

These include Nakheel Mall and The Pointe on Palm Jumeirah; Deira Mall on Deira Islands and Al Khail Avenue and the Circle Mall at Jumeirah Village.

To find out more about these projects, visit stand D8 at the Dubai Property Show, Hong Kong Convention and Exhibition Centre which will take place from 28 to 30 January 2015 or visit www.nakheel.com.

 

Article rating:

vote data

Leave a reply

Artist's rendering of UBS Arena. (photo: Populous)
News Editor  - 04.11.2021

UBS Arena to Offer "New York" Flavors

UBS Arena, the metropolitan New York area's most anticipated live entertainment venue and future home of the New York Islanders Hockey Club, will feature distinctive menu choices when it opens...

 (photo: )
News Editor  - 03.11.2021

HRH The Prince of Wales Terra Carta Seal

Johnson Controls has been named as an inaugural recipient of the Terra Carta Seal from HRH The Prince of Wales in recognition of its commitment to creating a sustainable future.

Photograph: Matthew Maaskant. (photo: Matthew Maaskant)
Reportbuyer Reportbuyer  - 03.01.2016

UK Facilities Management Outsourcing Market

AMA Research have published the 4th edition of the 'Facilities Management Outsourcing - Corporate Sector Report – UK 2015-2019 Analysis'.

 (photo: PPG Aerospace)
OCS Group  - 20.12.2016

PPG Aerospace Contract Win

OCS has been awarded a three-year contract by PPG Aerospace. The contract, which started in October, sees OCS providing security, cleaning and catering at PPG Aerospace’s Shildon site in County...