Dubai property developments drawing phenomenal investment from around the world

Wahid Attalla, Executive Director, Commercial and Operations spoke of Dubai's 'strong, visionary, forward looking leadership, strategic location, investor friendly environment and diverse, growing skilled population' as being the main ingredients in attracting organizations and individuals to invest in '...this thriving, cosmopolitan city'.

Attalla was speaking on a panel of international property experts on the topic of tourism development. He referred to the fact that Nakheel's projects have attracted investment from more than 60 countries around the world as evidence of the city's success in making itself a magnet for investment on a global scale.

"Every day this list grows," said Attalla, "and almost every day we receive serious queries from organizations and individuals from new countries. Such projects as The Palm and The World have really caught the imagination of investors around the world and they are excited to be a part of such unique developments."

MIPIM which takes place in Cannes, France from 9 to 12 of March is regarded as one of the key international exhibitions for the real estate industry and for cross border investment. At the event Nakheel has been focusing on The Palm, The World and Jumeirah Islands. 3-D models and state-of-the-art video animations on the stand have helped the Nakheel Executives to promote the projects to the exhibition visitors.

"It was clear from the level of interaction during the panel discussion that there is a very deep and sophisticated level of knowledge about the opportunities that exist for investors in Dubai at the moment," said Attalla. "It is clear that developments in the city are being followed closely by organizations and individual investors."