UAE – Mubasher: UAE real estate companies will partake in Luxury Property Show (LPS) Shanghai 2019, the leading luxury real estate expo which will kick off on 6 December until the 8th of the month in China. Among those developers are Manazel and Nakheel.

The Abu Dhabi-based Manazel is participating in the three-day event by showcasing a portfolio of its major developments, including Ghantoot, Al Merzab, Manazel Silicon Oasis Residences, and JVT development.

Ghantoot Waterfront Complex is situated between Dubai and Abu Dhabi over an area of 1.4 million square metres. Manazel expects this project to be among the largest integrated real estate developments in the UAE’s tourism sector, as it comprises a resort, villas, in addition to facilities; a school, community centres, and retail areas.

Al Merzab Community is Manazel’s next residential development which will cover a total gross floor area (GFA) of 83,138 square metres with over 600 units. This project is located in the Al Samha, on the Abu Dhabi–Dubai highway, 35 minutes from the Dubai Expo 2020 site.

Manazel Silicon Oasis Residences is a co-developed project that is located in Dubai Silicon Oasis, offering nearly 66 units comprised of one- and two-bedroom apartments.

JVT development is situated in Dubai’s Jumeirah Village Triangle, and consists of above 490 units over two towers and will include studios, as well as one- bedroom and two-bedroom apartments.

(Manazel's Ghantoot Waterfront Complex)

CEO of Manazel, Yaqoob Al Doseri, commented, “The UAE has a unique status as an investment destination, especially its real estate sector, which is popular with Chinese investors given the UAE’s attractive real estate prices, in addition to its tax-free environment, freehold ownership, high rental yields and other economic factors.”

Meanwhile, the Dubai-based Nakheel aims to expand its existing Far East/South-east Asia investor portfolio which serves mores than1,100 customers who have bought 1,500 Nakheel properties at a total value of AED 1.5 billion. 

With annual rental yields up to 7%, Nakheel will be exhibiting a vast range of properties, luxury apartments on the world-famous Palm Jumeirah to stylish flats at Dubai’s biggest Chinese community.

Palm Jumeirah is considered the company’s flagship master development, being home to 78,000 residents while hosting residential, hospitality, and retail projects.

Nakheel will be showcasing its developments, The Palm Tower, Dragon Towers and more, in Shanghai.

(Nakheel's The Palm Tower Development)

The Palm Tower is a 52-storey development with a 240-metre tall hotel and residential building where luxury apartments are on sale starting AED 1.8 million. The tower is connected to Nakheel Mall which opened in November.

Dragon Towers is a twin-building residential complex at Dragon City that includes 1,142 stylish one- and two-bedroom apartments as well as onsite health, fitness, and retail facilities. Prices at this project start at AED 477,800. Dragon City also comprises the world-famous Dragon Mart retail and trading hub in addition to two hotels. 

Nakheel’s chief commercial officer, Aqil Kazim, noted, “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.”