Nakheel, the Dubai-based master developer, has said that it will announce a range of projects – collectively worth more than $871 million – at Cityscape Global 2017.
In a statement, the developer said that it will launch six new residential, retail and hospitality developments at four of its communities in Dubai, including its flagship Palm Jumeirah project.
Nakheel’s current project portfolio spans more than 15,000 hectares and accommodates more than 270,000 people. It added that it has more than $13.6 billion worth of projects underway in terms of infrastructure and construction costs, while it has awarded construction contracts worth $1.90 billion so far this year, with that figure likely to exceed $3.26 billion by the end of the year.
“As the creator of the globally-famous, award-winning Palm Jumeirah and other iconic projects that have put Dubai on the global map, the Nakheel name is synonymous with current and future developments that will further enhance the city’s position as a world-leading location for living, leisure, business and tourism,” said Ali Rashid Lootah, Nakheel chairman.
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