Dubai developer expands diverse OA Management portfolio to bring services to wider UAE market
Dubai - Master developer Nakheel today launched Nakheel Strata - a newly created Owners' Association Management business that further reinforces its key role in Dubai's growing real estate sector.
Nakheel Strata builds on the developer's existing Owners' Association (OA) Management division, which currently oversees OA activities at Nakheel buildings on behalf of a nearly 70,000 people who either own or live in 27,000 units in 11 communities across Dubai.
Nakheel Chairman Ali Rashid Lootah said: "Nakheel Strata draws on our long-standing OA Management strength and expertise to open up our services to the general market. We are already a serious force in this sector as the size and depth of our current portfolio gives us unmatched buying power with which we can achieve competitive rates - and therefore the best value - for our customers.
"The appointment of a skilled, experienced OA Management firm enhances the value of properties, leading to a higher return on investment for owners and, for tenants, a desirable community in which to live. We look forward to quickly establishing Nakheel Strata as Dubai's - and potentially the UAE's - Owners' Association Management company of choice."
Nakheel Strata's existing and diverse development portfolio covers nearly 350 buildings across Dubai. They are: Palm Jumeirah's Marina Residences, Golden Mile, Shoreline Apartments, Palm Views, Azure Residences, Club Vista Mare; Jumeirah Heights; Discovery Gardens; Masakin Al Furjan; Badrah and almost 240 buildings at International City.
For more information on Nakheel Strata, visit stand S2 E10 at Cityscape, call +9714 390 3333 or log on to www.nakheelstrata.com
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About Nakheel (www.nakheel.com)
Nakheel is one of the world's leading developers and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.
Our master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has more than 21,000 residential units under construction or in the pipeline.
Nakheel's current and future retail project portfolio covers nearly 17 million square feet of leasable space. Developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria, Nakheel Mall, The Pointe, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and Nad Al Sheba Mall, as well as major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. The retail profile also includes several neighbourhood community centres.
Our growing hospitality project portfolio comprises 16 hotels/serviced apartments with 5,300 rooms at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City.
Media contact: Rebecca Rees on +971 4375 9702 (Rebecca.rees@nakheel.com)
© Press Release 2016
