Mutasem Abdullah (Dubai)
Mansour Al Falasi, board member of Al Nasr Club, Chairman of Al Nasr Club Investment Company, revealed the club’s accelerated investment steps within the master plan, which was called “Al Nasr Club City”.
He pointed out that the value of the current assets of Al Nasr Club exceeded the barrier of 800 million dirhams, and said, “The Brigadier General plans to be self-sufficient by relying on the returns of his investment projects, within a period not exceeding 5 years.”
Al Falasi began his speech, emphasizing the great value of “Al Maktoum Stadium”, because it is the club’s strongest current asset, and said: “We received many requests for international teams that set up their preparatory camps in the Emirates and Dubai, to participate in part of their preparation programs at the club and Al Maktoum Stadium, along with other requests. to a number of European clubs.
The head of the Investment Company in Al-Nasr touched on the existing projects, starting with Al-Nasr Square, which consists of 4 residential buildings on the opposite side of the American Hospital in the Oud Metha area, where each building consists of 10 floors. The project includes 398 apartments, in addition to 28 shops. commercially.
Al Falasi revealed that the entire project was rented out in less than a month, in light of the existing cooperation between the club and Harbor Real Estate Company, where the latter manages the club’s real estate projects, which are represented in 11 residential buildings, including 500 apartments, in addition to more than 68 shops.
He explained that the second existing project consists of 116 apartments, in addition to 30 shops of two floors, according to modern designs, where the project was called “Al-Nasr Central”, in addition to other existing projects such as the “Taghruda” building.
Al Falasi confirmed that the expected annual revenues of “Al Nasr Square” amount to 28 million dirhams, compared to 16 million dirhams for “Al Nasr Central”, and 6.5 million dirhams for the Taghrouda building, and the total revenues of new projects amount to 50.5 million dirhams per year.
He pointed to other investment projects in the vicinity of the club, including the French School and others, with a total revenue of 26 million dirhams, next to a building in the Al Jaddaf area on which the Dubai Driving School was built with regarding 4 million dirhams, and previous projects such as “Al Nasr Plaza” opposite Rashid Hospital, with annual revenues. 25 million dirhams.
He stated that the total annual revenues of real estate investment in the club amounted to 112 million dirhams, in light of the increase in revenues for the club’s assets by 59%, and the increase in rents by 158%, the contributions of the club’s sponsors, including Emirates Islamic, Al Rostamani Company, Sobha Real Estate, Emirates Real Estate Company, awaiting an increase The sponsors portfolio, with the joining of new partners such as Tik Tok, indicating that the sponsorship of the first football teams, for example, amounts to 6.5 million dirhams.
Regarding the Al Khawaneej Mall project, Al Falasi explained that the project is still on paper and under study, pending announcing the details later, noting that the lands within the Al Nasr Club investment portfolio also include two plots of land in Al Jaddaf and Jebel Ali Industrial Areas.
Regarding the launch of the new identity of the club, whose logo is mediated by the name “Al-Nasr” to be a motto for all the different games, Mansour Al Falasi said that the goal is to enhance the club’s capabilities, attract new fans, and publish games, that the logo be present in every Emirati house, indicating that the change life norm.
He added: “The idea of relaunching the club’s identity. The idea began with the support of the club’s president, Sheikh Rashid bin Hamdan bin Rashid Al Maktoum, and the club’s board of directors headed by Marwan bin Ghalita, in search of best practices and benefiting from the club’s great legacy, and work began on the project a while ago in order to get out. The project is in the best shape for the public.”
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