{"id":44844,"date":"2017-02-21T02:28:16","date_gmt":"2017-02-20T19:28:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=44844"},"modified":"2017-02-20T23:36:46","modified_gmt":"2017-02-20T16:36:46","slug":"jumeirah-central-to-be-showcased-in-cannes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jumeirah-central-to-be-showcased-in-cannes\/","title":{"rendered":"Jumeirah Central to be showcased in Cannes"},"content":{"rendered":"


\nDubai Holding is to present the first seven projects to be brought forward at its Dh73.5 billion Jumeirah Central project at its international launch event at the Mipim global real estate conference in Cannes next month.Morgan Parker, the chief operating officer of Jumeirah Central, tells The National that it is targeting the event because it gives Dubai Holding the opportunity to attract the type of international institutional investors that it is looking to engage with to fund many of the 278 projects that are expected to be built on the site, which sits opposite Mall of the Emirates.”We have a large presence there and we have scheduled dozens and dozens of meetings already with these investors,” says Mr Parker. “We have ongoing discussions with half a dozen international investors right now from various parts of the world \u2014 none of whom have invested in Dubai before, all of whom are looking at investing with us now.”You can just imagine once one in this select group of top tier institutional investors takes the plunge and invests in Dubai what that means for the city, what it means to other investors who are always looking at what their competitors are doing and when they are investing. “And I think it will represent a watershed moment in this city’s evolution.”Mr Parker says the first seven projects presented will include a couple of grade A office towers, including one outside the Sharaf DG metro site, hotels, residential towers, a hospital and an education building.He said although these “represent a microcosm of what Jumeirah Central is” in terms of its diversity of uses, these have not been specifically hand-picked. “They really are the first seven we have ready to go. I’ve talked in the past about creating a factory of assets and that’s the only way I know how to think about Jumeirah Central. It’s so big and it needs a framework to bring assets to market to have them successfully delivered.”The Dh24bn first phase of Jumeirah Central involves 69 projects – about 40 of which Mr Parker has said would be most suited to institutional investors, while many of the rest will be marketed towards local or regional developers.”You need to create assets that have a certain gravitas and weight to them economically that warrants one of these big pension funds or sovereign funds taking note,” he said. “They are not necessarily going to take a US$20 million, four-storey building. That’s more the domain of a family office or a high net-worth individual. “So the scale of investment is something that we were thinking about when creating the master plan and looking at ticket sizes of around $100m.”If you look at the number of transactions that occur worldwide with institutional investors, you see this sweet spot of transactions around that level.”Meanwhile, a separate set of talks is under way to find a joint venture partner to develop the main retail mall that will be delivered under phase one – the first of three major malls planned for Jumeirah Central. This will have about 100,000 square metres of retail space and contain three integrated towers of about 30,000 sq m each that will be used as a hotel, office block and residential space.Mr Parker said its “bespoke partner selection process” for this mall has involved talks with both local and international companies.”That is the largest asset in phase one in terms of monetary value. “It would be something that would be of interest to institutional investors, no doubt. But we’ve received so much interest from people directly eliciting relationships with us some time ago that we’ve run a separate process.”Gaurav Shivpuri, the head of investment transactions at JLL Mena, said that more institutional capital has found its way into the UAE real estate market over the past decade.”These investors include closed-ended Real Estate Funds, some of which were created as early as 2005, publicly-listed Real Estate Investment Trusts [REITs] and the arrival in recent times of insurance companies and pension funds, which see real estate as an excellent match for their long-term liabilities.”mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Jumeirah Central to be showcased in Cannes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai Holding is to present the first seven projects to be brought forward at its...<\/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-44844","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-bFi","jetpack-related-posts":[{"id":24883,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-phase-of-jumeirah-central-project-in-dubai-to-cost-dh24-billion\/","url_meta":{"origin":44844,"position":0},"title":"First phase of Jumeirah Central project in Dubai to cost Dh24 billion","date":"September 4, 2016","format":false,"excerpt":"\r The new Jumeirah Central project will cost Dh73.4 billion to build, with the proposed first phase set at Dh24bn.The project is based on the former site of the Mall of the World project and is set to contain a total of 278 projects in total. Although developer Dubai Holding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jumeirah-central-executive-overwhelmed-by-interest\/","url_meta":{"origin":44844,"position":1},"title":"Jumeirah Central executive 'overwhelmed' by interest","date":"September 5, 2016","format":false,"excerpt":"\r The man charged with delivering the Dh73.4 billion Jumeirah Central project has said he is confident it will attract investors because it is \"the greatest piece of real estate in the region\".Morgan Parker, the chief operating officer of the Jumeirah Central project, said it has held \"hundreds\" of meetings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-gergawi-to-leave-dubai-holding-post\/","url_meta":{"origin":44844,"position":2},"title":"Al Gergawi to leave Dubai Holding post","date":"February 26, 2017","format":false,"excerpt":"\r Mohammad Al Gergawi is to step down as the chairman of Dubai Holding after 18 years at the helm of the conglomerate that owns hospitality business Jumeirah Group and Tecom business parks. The replacement for Mr Al Gergawi, who had held his position since the investment group was founded,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jumeirah-central-is-a-catalyst-for-a-new-industry-says-coo\/","url_meta":{"origin":44844,"position":3},"title":"Jumeirah Central is a 'catalyst for a new industry', says COO","date":"February 21, 2017","format":false,"excerpt":"\r Morgan Parker, the chief operating officer of Jumeirah Central, argues that one of the intended benefits of the Dh73.5 billion development will be the role it plays as \"the catalyst for the growth of a new industry\" in Dubai.Mr Parker, a property finance industry veteran who worked for much\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-palm-jumeirah-to-business-bay-5-standout-projects-shaping-117bn-dubai-real-estate-boom\/","url_meta":{"origin":44844,"position":4},"title":"From Palm Jumeirah to Business Bay: 5 standout projects shaping $117bn Dubai real estate boom","date":"August 28, 2025","format":false,"excerpt":"\r Dubai property market surges 25 per cent to $117.3bn as investors target five mega projects offering lifestyle and long-term value\r \r Source : arabianbusiness.com\r Read more...From Palm Jumeirah to Business Bay: 5 standout projects shaping 7bn Dubai real estate boom","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/08\/five-Dubai-real-estate-projects-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":24797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sheikh-mohammed-launches-jumeirah-central-project-in-dubai\/","url_meta":{"origin":44844,"position":5},"title":"Sheikh Mohammed launches Jumeirah Central project in Dubai","date":"September 3, 2016","format":false,"excerpt":"\r Dubai Holding has announced the launch of a major new city district fronting Sheikh Zayed Road that will have up to 35,000 new homes, 9 million square feet of retail space and 7,200 hotel rooms.The Jumeirah Central project will contain 47 million sq ft of gross floor area along\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\/44844"}],"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=44844"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44844\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}