Nakheel, a developer headquartered in the United Arab Emirates, has obtained a strategic financing of US $4.6 billion, refinancing the initial US $3 billion, and agreed to add US $1.63 billion to promote its growth in the new stage. According to a Nakheel spokesman, the funds will be used to accelerate the development of new projects such as the Dubai Islands and other large coastal projects.

The spokesman added that these transactions will further strengthen Nakheel's financial position and reflect the banking institutions' confidence in the company's new strategic priorities. In August 2022, Nakheel said that the Dubai Islands would provide world-class connectivity. Dubai's real estate sector is recording strong growth thanks to regulatory reforms such as the issuance of long-term visas and a booming economy supported by strong growth in retail, leisure and hospitality.

As the pioneering main developer of Dubai's high-performance assets in these core economic fields, we are entering a new growth stage, placing customers at the core of everything we do. This new era of Nakheel will be defined by our commitment to developing outstanding communities, enhancing customer-oriented services and providing value at all touchpoints.

Developers pointed out that despite the challenges of the pandemic, their residential, retail and hotel assets still recorded excellent growth. It added that its financial focus, highlighted by the effective management of resources and a stable retail and hotel portfolio, has won the trust of customers and financial institutions.

In September 2022, the developer announced new brand priorities according to Dubai 2040 Urban Master Plan. The spokesman said that in the past two years, major developers have also invested in building a strong portfolio and pipeline of new development projects, which will achieve sustained revenue growth in the next few years. He concluded that these will support the goals of the Dubai 2040 Urban Master Plan and ensure the health, well-being and well-being of citizens, residents and tourists. At the beginning of October 2022, Knight Frank said that the value of luxury houses in Dubai had increased by 88.8%.Editor/Xing Wentao