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Prime plot of land on Palm Jumeirah sold for AED 87...

60,000 sqft plot on Palm Jumeirah Pointe, opposite Atlantis bought for AED 1,450 per sq ft Nakheel has sold a prime plot of land on...

The Real Estate Boom is back to Dubai

Nakheel sold 21 Palm Jumeirah townhouses in one day Completion of Palma Residences expected by the end of 2013 Title deed on payment of 40% Nakheel sold...

Nakheel to build shopping mall on Palm Jumeirah

Nakheel, the largest Dubai-based property developer, is planning to build a 136,000 square metre mall at the end of the Palm Jumeirah.

Who is right: Nakheel, its former CEO or The Financial Crisis?

Who is right: Nakheel, its former CEO or The Financial Crisis? The Dubai World Tribunal's decision was expected on Tuesday, but it won't be announced until early 2012.

Nakheel pays off AED 7.3bn to creditors

Property Developer Nakheel has paid AED 7.3billion it owes to trade creditors under its debt restructuring proposal, said a spokesman for Nakheel.

Dubai Government to take over Nakheel and Limitless

The Board of Directors of Dubai World (the “Company”) today announced it had appointed two new senior managers to the team that oversees the...

Rental income dreams fade; Nakheel outbeats investors

Not long ago, investing in real estate in Dubai was considered solid and sound as an investment in a gold mine. Forward thinking people...

Two months rent-free deals for grab

Nakheel is offering up to two months rent-free in residential properties located in lower-priced developments in a bid to attract more tenants. Other developers...

“The World” Saga

“The World”, an archipelago of artificial islands reclaimed a few kilometres off the Duba’s coastline is almost forgotten. Nakheel, the developer behind it, which is...

Dubai real estate sector latest developments and their impact

The real estate market in Dubai witnessed mixed performance in 3Q 2010, popular developments with proper amenities and infrastructure fared better than others. The...

Nakheel recommences construction of Al Furjan

Nakheel, Dubai's master developer, has announced the recommencement of construction work in Al Furjan with Al Shafar Transport and Contracting Co LLC , the...

Dubai World’s approval from creditors to change terms of debt to...

According to UBS AG and Moody’s Investors Service, Dubai World’s approval from creditors to change the terms on $24.9 billion of debt is likely...

The board of Nakheel will take over Limitless

The board of Dubai World subsidiary Nakheel will take over the responsibility of Limitless, another developer owned by the Dubai World, and...

Bank offers up to $5 million in mortgages for properties in...

Underscoring an emerging positive sentiment in the property market, Standard Chartered is...

Dubai World Agrees Headline Economic Terms in Principle with Coordinating Committee

Dubai World (the “Company”) is pleased to announce today that headline economic terms have been agreed in principle with the Coordinating Committee (“CoCom”), representing...

Creditors to Dubai World have accepted an offer from the conglomerate,...

Lenders to Dubai World  have accepted an offer from the conglomerate to settle $14.2 billion in outstanding bank claims, according to a report in...

Nakheel to Pay $8.2 Billion to Creditors in June

Nakheel PJSC plans to pay creditors and contractors $8.2 billion in June, according Al Ittihad newspaper.

Nakheel offers Deal to Investors

As part of its $9 billion recapitalization plan, Nakheel - part of Dubai World conglomerate, offered a ray of hope for investors in its...