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Nakheel heads to property summit in Cannes

dubai - Developer wants to encourage more international investors to become part of Dubai's real estate sector

Nakheel is heading back to MIPIM, a property summit, for a third consecutive year to showcase real estate opportunities collectively worth more than $2.5 billion.

Nakheel is in Cannes, France, to encourage more international investors  to become part of Dubai's real estate sector.

The centrepiece of Nakheel's marquee at MIPIM is a scale model of the Palm Jumeirah. PALM360, a twin-tower hotel and residential complex, is also on show. PALM360 comprises a Raffles hotel, Raffles-branded residences, including 16 penthouses each spanning 12,000 sqft and the world's largest rooftop infinity pool.

Also featured is the Deira Islands waterfront city. Deira Islands is home to the Middle East's biggest mall - Deira Mall - for which Nakheel awarded a construction contract for $1.1 billion last month.

Sanjay Manchanda, CEO of Nakheel, said: "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."

- business@khaleejtimes.com