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Tuesday, April 12, 2005

Nakheel Properties, Dubai Real Estate - Latest News

Nakheel Properties is a premier developer in the Dubai real estate market. Nakheel Properties' portfolio in the Dubai properties market includes a range of landmark properties from distinctive homes - villas and apartments - to unparalled entertainment / shopping / recreational destinations.

This has also created unique invesment opportunities that are driving the Dubai real estate market to unprecedented growth! The iconic projects of Nakheel Properties are drawing residents, businesses and visitors from all over the world! Nakheel Properties is indeed transforming Dubai into an international destination of choice

Nakheel Properties has already invested $12 billion in the real estate projects of Dubai! Headed by Sultan Ahmed Bin Sulayem, Nakheel Properties is developing The Palm, The World, International City, The Gardens, Ibn Batuta Shopping Malls, Jumeirah Islands, Jumeirah Lake Towers and Discovery Gardens! These projects are so large and extra-ordinary in themselves that it requires fierce ambition and a drive to excel beyond what is seemingly or ordinarily possible to bring them to fruition!

Nakheel Properties has driven the real estate and property market of Dubai so bullish that projects worth over Dhs. 100 billion are slated to be launched over the next few years. These are above and beyond the projects already announced, according to officials from Dubai Chamber of Commerce and Industry.

In fact, Dubai is growing so fast in various sectors that it is experiencing a lack of housing projects for all its residents! Various developmental projects will be launched once the lack of housing projects is taken care of. This only shows the extent to which the real estate market in Dubai will remain buoyant! Government estimates forecast continuous growth for the next 8 to 10 years. The market is not expected to soften up till then after which it is expected to stabilize! Surely, there is enough room for new real estate projects in Dubai.

The unprecedented growth of the real estate market will reportedly continue for some time due to the balanced and healthy growth taking place in the emirate. The growth taking place parallely in industry, civil aviation, road transportation, logistics and tourism is perking the entire business environment. The sentiment is bullish!

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