Nakheel

Nakheel manager held in bribery investigation

Nakheel, the Dubai World company behind the three Palm Islands projects, confirmed to Gulf News on Friday that one if its senior employees is under investigation on bribery charges. Nakheel said in a statement last evening that an employee is being questioned by the authorities, but did not provide... 

Desert Dream to launch residential development, Dream Harbour, at Waterfront

Desert Dream Real Estate & Investments, one of the fastest growing developers in the region, will next week, 14 August 2008, launch Dream Harbour, a new Dhs1.7bn residential development at Waterfront, a community by master developer Nakheel. Dream Harbour will be a 48 floor tower designed with a... 

Dubai Palm Jumeirah Monorail set for live testing

Nakheel, a Dubai World company and one of the world’s largest and most innovative real estate developers, has announced that live testing of the Palm Monorail, which will transport thousands of visitors on Palm Jumeirah each day, will commence this October. The Palm Monorail is the first monorail project... 

Dubai in strategic partnership with Cirque du Soleil

Istithmar World, the investment arm of Dubai World, and Nakheel, one of the world’s largest and most innovative real estate developers, today announced that both companies have together acquired a 20% stake in Cirque du Soleil, the world’s leading live entertainment company providing high-quality... 

Azizi launches Almasa One at Al Furjan

Azizi Investments this week launches Almasa One, the second phase of its commercial offering Al Furjan in Dubai. The office tower has 162,452 sq ft of commercial space, in units of 1,250 sq ft and above. Azizi says it is targeting small and medium enterprises or branch locations for larger companies.... 

Venture Capital Bank awards D51 Island architecture and development to dxb-lab

Venture Capital Bank has granted the architecture and development of D51 Island in The World project by Nakheel to dxb-lab Architecture. Nakheel has approved the preliminary designs. Mr. Khalid Abdul-Karim, Chief Investment Officer of Real Estate at Venture Capital Bank commented “Among many architect... 

The Queen Elizabeth 2′s new home in Palm Jumeirah

Nakheel has revealed the new home for the world famous cruise liner, the Queen Elizabeth 2 (QE2), as the anchor of a luxurious marina development on the eastern trunk side of Palm Jumeirah. Purchased last year by Nakheel’s parent organisation, Dubai World, QE2 will embark on her ultimate journey... 

Al Mazaya subsidiary launches Waterfront project

First Dubai Real Estate Development Company, a fully owned subsidiary of Al Mazaya Holding, yesterday announced the company’s first project in Nakheel’s Waterfront development. The Kuwait-based developer purchased four plots of land valued at KD66 million (Dh915m). First Dubai Real Estate... 

Nakheel and Dubai Islamic Bank break ground on first joint venture

Tashyed, the property development joint venture set up by Nakheel and Dubai Islamic Bank (DIB), has today broken ground on its first landmark development at Jumeirah Heights. Located on land sourced from Nakheel, and comprising of a built-up area of approximately 625,000 sq ft, this lake-front development... 

Trump International Hotel and Tower

Nakheel has signed a contract with an Al Habtoor / Murray & Roberts joint venture for the construction of the Trump International Hotel & Tower on Palm Jumeirah. The contract valued at AED 2.9 billion has been awarded for the construction of the eagerly awaited 62-storey structure, which is set...