{"id":25197,"date":"2016-09-06T20:09:48","date_gmt":"2016-09-06T13:09:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=25197"},"modified":"2016-09-06T18:39:33","modified_gmt":"2016-09-06T11:39:33","slug":"nakheel-aims-to-build-on-dubais-expansion-plans","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-aims-to-build-on-dubais-expansion-plans\/","title":{"rendered":"Nakheel aims to build on Dubai's expansion plans"},"content":{"rendered":"


\nNakheel chairman Ali Rashid Lootah is banking on the expansion of Dubai’s new airport, the Expo 2020 and an expansion of Jebel Ali Port to fuel demand for thousands of new apartments the company plans to build in Dubai’s southern districts.Speaking at Tuesday’s Cityscape Global property show in Dubai, Mr Lootah unveiled images for Ibn Battuta Residences, two towers of 531 apartments located next to Ibn Battuta Mall, which the company plans to complete at the end of 2019. Nakheel is already planning to expand its leasing portfolio from around 18,000 homes at the moment to around 36,000 over the next five years.__________Photo gallery\u25a0 New property projects at Cityscape Global 2016 in Dubai – in pictures__________Earlier this week the company announced plans to build more than 15,000 homes in 42 towers at its new Jebel Ali Gardens project.Despite the fact that property brokers calculate that rents in Dubai have fallen slightly since the start of the year as the city’s economy slowed, Mr Lootah said that Nakheel’s existing rental portfolio is currently 97 per cent occupied.Rents in Nakheel’s portfolio are holding steady and prices are at the same level of 2014, he added.”People are still coming to Dubai and they are still buying,” Mr Lootah. “Brexit has had no impact on our sales. We are creating jobs because of all the retail we are opening.”lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Nakheel aims to build on Dubai’s expansion plans<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nakheel chairman Ali Rashid Lootah is banking on the expansion of Dubai’s new airport, the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-25197","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6yp","jetpack-related-posts":[{"id":3597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-reports-19-full-year-gain-despite-fall-in-q4-profit\/","url_meta":{"origin":25197,"position":0},"title":"Nakheel reports 19% full-year gain despite fall in Q4 profit","date":"February 4, 2016","format":false,"excerpt":"\r \r Fourth-quarter profit at the Dubai developer Nakheel fell by 28.7 per cent, company figures show, as Dubai's housing market continued to slow.According to figures provided by Nakheel, profit for the three months to the end of December 2015 fell to Dh770 million from Dh1.08 billion a year earlier.Nakheel,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-begins-work-on-ibn-battuta-mall-expansion\/","url_meta":{"origin":25197,"position":1},"title":"Nakheel begins work on Ibn Battuta mall expansion","date":"February 16, 2017","format":false,"excerpt":"\r Nakheel has started construction work on its latest planned Dh850 million expansion at its Ibn Battuta shopping mall complex in Dubai.The Dubai Government-owned developer said that construction work on its second Ibn Battuta mall expansion started after it awarded a contract worth nearly Dh23m to Dubai-based National Gulf Constructions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-awards-dh1-5bn-contract-for-the-palm-gateway-development\/","url_meta":{"origin":25197,"position":2},"title":"Nakheel awards Dh1.5bn contract for The Palm Gateway development","date":"May 14, 2017","format":false,"excerpt":"\r Nakheel said on Saturday it selected Indian engineering firm Shapoorji Pallonji Group to execute a Dh1.5 billion construction contract for a residential retail complex on Palm Jumeirah. The deal is part of Dh12bn worth of contracts expected from the developer this year.Shapoorji Pallonji Mideast, a part of the Mumbai-based\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flat-profit-in-first-quarter-for-nakheel\/","url_meta":{"origin":25197,"position":3},"title":"Flat profit in first quarter for Nakheel","date":"April 26, 2017","format":false,"excerpt":"\r Nakheel reported first-quarter profit of Dh1.48 billion, flat on a year earlier, as handovers slowed.The Dubai government-owned property developer reported a profit of Dh1.47bn in the same period last year.Nakheel said that it delivered 412 units to customers during the quarter, compared with 536 a year earlier.The developer said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42559,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-handovers-and-retail-expansion-drive-nakheel-to-record-figures\/","url_meta":{"origin":25197,"position":4},"title":"Property handovers and retail expansion drive Nakheel to record figures","date":"February 1, 2017","format":false,"excerpt":"\r Nakheel, the company that built Palm Jumeirah, yesterday said net profit last year increased by 13 per cent on higher property handovers and retail expansion despite a softening property market in Dubai. The government-owned developer, which was at the centre of the Dubai World crisis in 2009, said that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/handovers-lift-nakheel-first-quarter-profit\/","url_meta":{"origin":25197,"position":5},"title":"Handovers lift Nakheel first-quarter profit","date":"April 20, 2016","format":false,"excerpt":"\r \r First-quarter profit at Nakheel increased by an annualised 8 per cent as it opened new shops and hotels and handed over homes.The Dubai government-owned property developer said net profit came in at Dh1.47 billion for the three months to the end of last month from Dh1.35bn a year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25197"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=25197"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25197\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=25197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=25197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=25197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}