Nakheel Properties

About Nakheel Properties

Established in 2000 under Dubai World and swiftly became a real estate brand in Dubai. In 2009, this real estate firm faced legal hurdles over a record-setting sukuk issuance and the aftermath of the 2010 global financial crisis led to a leadership change, with debt restructuring totaling AED 59 billion ($16 billion) in 2011, transferring ownership to the Government of Dubai.

In 2012, Nakheel underwent academic scrutiny for corporate governance. Sheikh Mohammed bin Rashid Al Maktoum injected US$898 million in 2013 for Palm Jumeirah projects. By 2017, Nakheel reported a $1 billion profit, delivering 1,200 units and starting a $410 million Palm Gateway project.

With changes in leadership again in 2020, with Mohammed Ibrahim Al Shaibani as chairman, Nakheel rebranded in September 2022, revi

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Portfolio

Palm Jumeirah: One of Nakheel’s most famous projects, Palm Jumeirah is an artificial archipelago designed in the shape of a palm tree. It features a mix of residential, commercial, and leisure developments, including luxury villas, apartments, hotels, and entertainment options. Orla Infinity and The Palm Crown are the latest and best residential developments on Palm Jumeirah.

The World: Another ambitious project, The World is an archipelago of artificial islands constructed to resemble a world map. Each island represents a different country or region, and the development includes residential and commercial properties.

Palm Jebel Ali: This is another palm-shaped artificial island project by Nakheel, part of the larger Palm Islands development. However, as of my last update, the Palm Jeb

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Frequently Asked Questions (FAQs)

What are Nakheel's notable projects?

Nakheel has developed several landmark projects, including Palm Jumeirah, The World, Palm Jebel Ali, Deira Islands, The Palm Gateway, and Tilal Al Furjan.

When was Nakheel Properties founded?

Nakheel Properties was founded in the year 2000.

What challenges has Nakheel faced in its history?

Nakheel faced legal hurdles over a record-setting sukuk issuance and underwent leadership changes in the aftermath of the 2010 global financial crisis. Debt restructuring occurred in 2011, transferring ownership to the Government of Dubai.

How did Nakheel perform in 2020?

Despite challenges posed by the pandemic, Nakheel reported making AED 5.67 billion ($1.54 billion) in revenue in 2020. The company launched successful projects that attracted significant investment interest.

What is Nakheel's expertise?

Nakheel specializes in conceptualising, designing, and implementing large-scale and iconic real estate projects. The company is known for master planning, iconic projects, infrastructure development, financial and project management, and a commitment to sustainability.

What are the market trends for Nakheel developments?

Market trends indicate lucrative investment opportunities in Nakheel developments, with specific emphasis on return on investment (ROI) for various property categories, such as apartments and villas.

How did Nakheel rebrand in 2022?

In 2022, Nakheel underwent a rebranding initiative under the leadership of Mohammed Ibrahim Al Shaibani. The company revived frozen projects like Deira Islands and relaunched the Palm Jebel Ali project, offering buybacks to investors.

What is the significance of Nakheel's location planning?

Nakheel strategically selects locations for its developments, often choosing prime areas that enhance the overall appeal of its projects. Proximity to key amenities, transportation hubs, and iconic landmarks is a common consideration.

What are some recent developments by Nakheel?

Nakheel has recently launched projects like the Palm Jebel Ali, involving the construction of 1,700 villas and 6,000 apartments. Additionally, the company has revitalized frozen projects like Deira Islands.