Nakheel

Nakheel is a company based in Dubai that is known worldwide. This developer company actually belongs to the government. The executive director, Sheikh Ahmed bin Said Al Maktoum, is a member of the UAE royal family.

Nakheel states its mission as creating premium properties which would be comfortable for many various purposes, including life, business, and also attractive to tourists.

The company’s projects added more than 410 kilometers to the original Dubai coastline as well as developed over 300 kilometers of waterfront projects. Nakheel built over 15000 hectares of developments and provided spaces for over 700000 people.

The biggest and most well-known projects created by Nakheel include Palm Jumeirah, Palma Jebel Ali, Palma Deira, as well as famous residential areas like:

  • The GardensInternational City
  • Jumeirah Lake Towers (JLT)
  • Jumeirah Island
  • Dragon Mart
  • Ibn Battuta Mall

Nakheel’s main priority is to create comfortable and safe spaces for people, heavily relying on the interests of its tenants. The company develops its projects based on modern technologies as well as urban planning.

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FAQ

Foreigners can buy property in Dubai and are eligible to apply for a mortgage from both national and private banks. The criteria and terms for loans vary by bank, based on factors such as income and residency.

Investing in Dubai is beneficial due to the absence of property taxes, a growing population, favorable visa policies, strong rental yields, and competitive property prices.

Foreigners are allowed to own 100% of the property in designated “freehold” areas in Dubai, as per the government’s policy.

When compared to many other cities globally, Dubai offers relatively affordable real estate prices per square foot, making it an attractive location for personal property investments.

Foreign investors can obtain a UAE residency visa for ten years by purchasing real estate worth at least AED 2,000,000 in the Freehold Zones, where foreigners are allowed to buy property.

As a property owner in Dubai, you can apply for a renewable 2-year residence visa, provided you maintain ownership and visit Dubai at least once every 180 days.

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