NBCC enters Dubai real estate market with a mixed-use project

New Delhi: NBCC (India) Limited has acquired a prime land parcel in Dubai Mainland for AED 16 million (Rs 38 crore) to develop a mixed-used project as part of its international expansion.

The land is purchased through NBCC Overseas Real Estate LLC (wholly owned subsidiary) and the transaction includes AED 1 million paid to DLD, broker, and other charges, for a mixed-use development.

The project has area of 51718 Sqft and configuration of G+2P+8 floors with an expected revenue from the project around AED 58-60 million (Rs 150 crore)


This development has been done through the approvals by the Ministry of Housing and Urban Affairs as part of a drive to push for global expansion, making NBCC the first Central Public Sector Undertaking (CPSU) to launch itself as a real estate developer in Dubai.

NBCC had taken over stalled Amrapali projects under the direction of of India and delivered relief to thousands of homebuyers. Out of its mandate of around 38,000 units, NBCC has already completed close to 30,000 units. It is also advancing the development of unused floor area ratio (FAR) from these projects, by launching additional 8200 units.

Earlier, NBCC successfully completed the India Pavilion at Dubai South for World Expo 2020, valued at around AED 172 million (about USD 46.8 million). This project highlighted Indian excellence on a global stage. This Dubai move strengthens NBCC’s global presence and opens new growth opportunities.