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Nakheel’s Executive Board Reshuffled

The executive board of Nakheel was completely reshuffled today, reported Reuters. The Dubai government said in a statement the new board would help prioritize...

Nakheel to offer sukuk to trade creditors

Nakheel trade creditors will be offered a large-scale Islamic bond as part of a debt restructuring plan issued by parent firm Dubai World last...

Dubai World silence causes concern

Since the November standstill announcement, little information was released from either Dubai World or the government to reassure investors. Discussions with creditors have been...

Abu Dhabi gives $10bn to Dubai to service debts

Abu Dhabi has given Dubai $10bn, some of which will enable Nakheel, the property arm of troubled Dubai World, to pay a $4.1bn Islamic...

Dubai is, and will continue to be, a strong and vibrant...

Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee (SFC) reassured investors, financial and trade creditors, employees, and citizens all...

Abu Dhabi gives $10 bln to Dubai, repays Nakheel bond

Statement from Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee The Government of Dubai, acting through the Supreme Fiscal Committee...

Dubai World Debt Meltdown Raises Concerns

UAE moves to counter Dubai fallout but markets wary Central Bank of the UAE backs UAE Banks, branches of foreign banks operating in the country Global...

Key developers pull out of this year’s Cityscape

Developers Nakheel, Emaar and Limitless have decided not to participate in Cityscape Dubai 2009. reported  Emirates Business. Nakheel said it decided it was more prudent...

Nakheel offers discounts between 10 and 30 per cent on selected...

Nakheel  is offering customers discounts of between 10 per cent and 30 per cent on some of its projects to encourage them to pay...

The World

The World is a man-made archipelago of 300 islands constructed in the shape of a world map and located four kilometres off the coast...

Construction on Nakheels’ Badrah on schedule

Nakheel has announced it is to build more than 1,000 homes in the Manarah District in Badrah as part of the Waterfront development in...

Construction on Nakheel Tower delayed until the next year

Construction work on the Nakheel Tower has been stopped for a year, reported The National. “Further work on the foundations of Nakheel Harbour and Tower...

Projects on track

In recent weeks, delays have beset several massive projects, according to several architects and articles in The National. Dubai Waterfront is moving much...

Construction giants vie for Nakheel Tower deal

Three major construction players are vying for pre-construction contract for Nakheel's 1km-plus tower Al Habtoor Leighton Murray & Roberts, Al Naboodah Laing O’Rourke and Samsung...

Nakheel announced job cuts

Dubai's master developer, Nakheel, announced that it was scaling back work on some of its projects and that it has adjusted it staffing requirements...

Three giant bridges to service the Palm Deira

Dubai's master developer, Nakheel, has revealed that Deira Island Front at the base of Palm Deira will have three 12-lane bridges that will connect...

Nakheel to build over 1km-high Nakheel Harbour ‘&’ Tower

Dubai-based master developer Nakheel has announced plans to build Nakheel Harbour '&' Tower, a new community which will boast a tower more than a...

Nakheel reports threefold increase in sales

Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, announced that its 2008 sales are already...