Overview
- NBCC disclosed in a regulatory filing that it bought a 14,776.80 sq ft parcel on Dubai Mainland for mixed-use development at a price of AED 15 million.
- The acquisition was executed via NBCC Overseas Real Estate LLC, a wholly owned subsidiary formed to begin the company’s international real estate operations.
- One outlet reports the outlay totals AED 16 million after Dubai Land Department fees and brokerage, with an indicative project GFA of about 51,718 sq ft and a G+2P+8 plan, figures not cited in the filing.
- The same report claims expected revenue of AED 58–60 million and cites Indian government support and a first-of-its-kind CPSU developer presence in Dubai, which remain unconfirmed by the filing.
- Coverage places the move within rising Indian developer activity in Dubai, noting Sobha’s established presence and Sunteck Realty’s recent entry, alongside strong Indian investor interest.