NewsNakheel
More info on Nakheel Harbour & Tower
Click image for large view We announced yesterday that Nakheel had revealed their plans for a 1km high tower. As Cityscape Dubai 2008 has officially opened, Nakheel has revealed more information about their tower: 200 stories high Will contain more than 150 elevators 19 000 apartments 3 5000 hotel rooms 100...
Nakheel plans to build 1-km tower
Dubai developers Nakheel yesterday announced plans to build a tower which could stand one kilometre high (3,280 feet), beating the booming city state’s own world record. Holding company Dubai World president Sultan Ahmed bin Sulayem said the project would be “one of a kind”. A whole...
Cirrus reveals The Vantage at Waterfront
Cirrus Developments LLC, one of the fastest growing developers in the region, has launched a landmark tower, The Vantage, to great acclaim. Investor response to this new building has been emphatic. The Vantage is located on a prestigious plot in Waterfront which has been deemed ‘iconic’ by...
Palm Jumeirah’s Anchor Marina will open in December 2008
Island Global Yachting (IGY), the luxury marina developer and management company, has today announced that Anchor Marina, the first marina on Palm Jumeirah, is on schedule to open in December 2008. IGY has also confirmed, in an innovative move that marks a change in the way berths are made available,...
Nakheel plans to borrow Dh4.4b amid IPO plans
Real estate developer Nakheel is considering launching an initial public offering (IPO) within the next 12 months and plans to raise Dh4.4 billion in bank loans. If Nakheel, a unit of Dubai World, is listed on a stock exchange, it could become one of the biggest companies in the Gulf. “In the next...
Police arrest 4 Sama Dubai employees over alleged corruption
Four officials of real-estate developer Sama Dubai have been arrested and are being questioned by Dubai’s Public Prosecution, adding to the number of persons under investigation over allegations of bribe-taking and other financial wrongdoings. One of the four people being held is Abdulsalam Almarri,...
Nakheel to seek US investments tomorrow
Nakheel is scheduled to pay a visit to the United States tomorrow to meet with a number of top US developers and investors seeking investment opportunities in Dubai. Leading Nakheel on this visit to Los Angeles will be Nakheel’s CEO, Chris O’Donnell, and Nakheel’s Director of Sales,...
Mortgage legislation to protect lenders
The Government is to issue the first law regulating the emirate’s growing mortgage industry in a move that observers say could encourage more lending by foreign and domestic banks and finance companies and persuade more buyers to invest in Dubai. Several foreign banks had been “sitting on the sidelines”...
Al Fara’a to invest in Dubai Waterfront and Dubai Maritime City
The Arabian Gulf is currently witnessing over $100bn worth of investments in waterfront developments, in tune with ongoing global trends as indicated by recent studies that reveal up to two thirds of the world’s population living in coastal communities and a large amount of developments taking...
Probe to impact markets
The police investigation into alleged financial irregularities by top executives at mortgage lender Tamweel and developer Nakheel will cast a shroud of uncertainty tinged with gloom on the stock markets this week. The latest round follows similar probe into Deyaar Development and Dubai Islamic Bank earlier...
