Nakheel

Nakheel to deliver 1042 homes at Waterfront this year

Nakheel, Dubai’s master developer, today announced that construction of 1,042 new homes in the Manarah District in Badrah, Waterfront is nearly 40% complete, with all of these properties due to be handed over by the end of the year. The Manarah district makes up more than one third of Badrah, the... 

Cirrus becomes first developer to start construction at Waterfront

Cirrus Developments LLC becomes the first third-party developer to start construction works at Nakheel’s Waterfront. The enabling works on their project, Aquarius Gate, are getting underway, and the construction works has allready reached a milestone with two-meter-deep excavations completed and... 

Work on Nakheel Tower delayed

Construction work on Nakheel Tower, the 1km tower revealed at Cityscape Dubai, has been halted for a year. According to a Nakheel spokesperson, the foundation works are likely to last for three years and any further work will commence in 12 months. A senior project manager said several employees working... 

Nakheel in talks with banks to help out The World developers

Nakheel is currently in talks with banks regarding the financial situation of several developers at The World, hoping to kick-start the development, according to The National. The construction of the 254 articial islands has cost Nakheel more than Dh11bn, and many of the developers are now experiencing... 

Residents require greater transparency on maintenance fees

Residents are calling for greater transparency over how money is spent on the maintenance and upkeep of apartments. Laws regulated by Dubai’s Real Estate Regulatory Authority (RERA) say that homeowners should be able to monitor how service charges and maintenance are being spent by participating in... 

Nakheel seeking operators for Queen Elizabeth 2

Nakheel is currently seeking operators to manage the former luxury liner Queen Elizabeth 2. The world famous vessel will sail into Dubai tomorrow to begin its life as a seven-star hotel in the Dubai drydocks. According to Gulf News, Nakheel is in talks with major hotel operators to settle the managment... 

Azizi Investments joins forces with P&T for Mina Rashid development

Azizi Investments, the Dubai based multi national property developer, has today announced the appointment of P&T Architects and Engineers Ltd to design the company’s proposed G+45 tower at Mina Rashid. P&T is expected to reveal plans of the development soon. The mixed-use, high rise tower is... 

Hampstead and Mayfair launches Dhs125m Hampstead Residences project with an 8% guaranteed income for 5 years

Hampstead & Mayfair, a leading Dubai based property developer has announced the launch of Hampstead Residences it’s Dhs125m project located in the Nakheel master planned community Jumeirah Village. Jumeirah Village is the largest inland project in Nakheels’ portfolio and is a part of... 

Azizi Platine revealed on Palm Jebel Ali

Azizi Investments, one of the Gulf’s fastest growing real estate developers, has today revealed its latest approved building design, the luxurious Azizi Platine, located on Palm Jebel Ali. Sleek, strong and elegant as its precious namesake, the Azizi Platine is the essence of pure luxury. Designed... 

Nakheel’s Palm Deira on track

Click for large view Real estate developer Nakheel on Friday said land reclamation work on its Palm Deira development was progressing “as planned,” denying a report that it had scaled back dredging due to the global financial crisis.   The Palm Deira, which is one of the three palm tree-shaped...