Al Nakheel Properties - Dubai Property Developer

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Al Nakheel Properties, which is also known as Nakheel Corporation, is the most popular real estate company dealing in freehold property in Dubai, United Arab Emirates [UAE]. Its real estate development ranges into residential, tourist, commercial and retail property.

Nakheel Properties' flagship property are the 3 man-made palm tree shaped islands on the coast of Dubai. Nakheel operates under the umbrella of The Corporate Office, which manages various businesses on behalf of the Dubai government. The executive chairman of Al Nakheel is Mr. Sultan Ahmed bin Sulayem.

Al Nakheel Properties' portfolio of real estate include the Palm Islands (Palm Jumeirah, Palm Jebel Ali, Palm Deira), The World Islands, Dubai Waterfront, The Gardens, Jumeirah Lake Towers, Discovery Gardens, Lost City, Jumeirah Islands, Jumeirah Village, The International City, Jewel of the Palm, The Palm Golden Mile, Palm Trump International Hotel and Tower, and Ibn Battuta Mall.

Nakheel Properties Company News

Nakheel commences 40% cash payments to trade creditors

Nakheel today announced it has commenced the second phase of cash payments to its trade creditors following the signing of a substantial number of restructuring agreements.

Date: 30th June 2010 - 01:15PM GMT

Nakheel in close talks with Contractors' Association

Nakheel today met with senior members from UAE-based Contactors' Association, including company Chairman, Dr Ahmed Saif Belhasa, as part of its efforts to ensure settlement of claims to its trade creditors as part of its recapitalization plan.

Date: 18th May 2010 - 12:57PM GMT

Nakheel creditors start signing settlement agreements

Nakheel's trade creditors have embarked on signing the settlement agreements presented to them last week following extensive meetings with Nakheel's Chairman and executives.

Date: 26th April 2010 - 01:00PM GMT

Nakheel launches comprehensive recapitalisation plan

Nakheel today announces a comprehensive recapitalisation plan of its debt and liabilities. The plan enables Nakheel to offer creditors 100% of agreed amounts owed and to fulfill its obligations to customers through the prompt completion of near term projects.

Date: 25th March 2010 - 12:55PM GMT

Nakheel receives handover of final Marina Residence building

Nakheel, Dubai's master developer, today announced it has received handover of the sixth and final tower at Marina Residences, Palm Jumeirah, from Japanese contractor Shimizu Corporation.

Date: 2nd March 2010 - 10:09AM GMT

al-nakheel, corp, نخيل, realestate, home, homes, buying, buy, sale, sellingNakheel is the uniquely focused property development company behind a variety of new landmark developments in Dubai. It aims to redefine the concept of property development whether residential, tourist, commercial or retail. Nakheel's portfolio currently includes The Palm, The World, Jumeirah Islands, The Gardens, The Gardens Shopping Mall, Jumeirah Lake Towers International City, Discovery Gardens, Lost City and Jumeirah Village.Nakheel is a Dubai-based property developer and the creators of iconic projects in the Middle East and the world. Nakheel provides world-class real estate infrastructure services that are considered top of the range and competitive on a regional and international level.With over US$ 25 billion worth of properties currently under various stages of development, Nakheel provides direction to the sector’s positive and sustainable growth in the Middle East. Nakheel’s unique properties such as The Palm Islands and The World reflect the vibrancy that has driven Dubai into becoming the emerging international commercial and economic hub and a leading tourist destination. Nakheel is where the vision of Dubai gets built, through the continuous delivery of quality, service and trust through each of its projects. Nakheel is driven by ambition, social consciousness and innovation to achieve this.Nakheel is incorporated under the umbrella of The Corporate Office (TCO). The Corporate Office manages and supervises a portfolio of businesses and a series of projects on behalf of the Government of Dubai, which are known as Ports, Customs and Free Zone Corporation (PCFC), Nakheel, Istithmar, Dubai Metals and Commodities Center (DMCC), Tejari and Dubai Maritime City (DMC).-- strategiy --
Nakheel Properties is a premier developer in the Dubai real estate market. Nakheel Properties' portfolio in the Dubai properties market includes a range of landmark properties from distinctive homes - villas and apartments - to unparalled entertainment / shopping / recreational destinations. This has also created unique invesment opportunities that are driving the Dubai real estate market to unprecedented growth! The iconic projects of Nakheel Properties are drawing residents, businesses and visitors from all over the world! Nakheel Properties is indeed transforming Dubai into an international destination of choice Nakheel Properties has already invested $12 billion in the real estate projects of Dubai! Headed by Sultan Ahmed Bin Sulayem, Nakheel Properties is developing The Palm, The World, International City, The Gardens, Ibn Batuta Shopping Malls, Jumeirah Islands, Jumeirah Lake Towers and Discovery Gardens! These projects are so large and extra-ordinary in themselves that it requires fierce ambition and a drive to excel beyond what is seemingly or ordinarily possible to bring them to fruition! Nakheel Properties has driven the real estate and property market of Dubai so bullish that projects worth over Dhs. 100 billion are slated to be launched over the next few years. These are above and beyond the projects already announced, according to officials from Dubai Chamber of Commerce and Industry. In fact, Dubai is growing so fast in various sectors that it is experiencing a lack of housing projects for all its residents! Various developmental projects will be launched once the lack of housing projects is taken care of. This only shows the extent to which the real estate market in Dubai will remain buoyant! Government estimates forecast continuous growth for the next 8 to 10 years. The market is not expected to soften up till then after which it is expected to stabilize! Surely, there is enough room for new real estate projects in Dubai. The unprecedented growth of the real estate market will reportedly continue for some time due to the balanced and healthy growth taking place in the emirate. The growth taking place parallely in industry, civil aviation, road transportation, logistics and tourism is perking the entire business environment. The sentiment is bullish!

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