Nakheel
 |
|
| Government owned | |
| Industry | Real Estate |
| Founded | 2000 |
| Headquarters | Dubai, United Arab Emirates |
|
Area served
|
87 countries |
|
Key people
|
Ali Rashid Ahmad Lootah (Executive Chairman) Sanjay Manchanda (Chief Executive Officer) |
|
Number of employees
|
2000 |
| Website | www.nakheel.com |
Nakheel (Arabic: نخيل palms or palm trees) is a real estate developer in Dubai and creator of several land reclamation projects, including the Palm Islands, the Dubai Waterfront, The World and The Universe Islands. Its residential projects include The Gardens, International City, Jumeirah Islands and Jumeirah Lake Towers. Its shopping projects include The Dragon Mart (at International City) and Ibn Battuta Mall. Its main competitor in residential development in Dubai is Emaar Properties.
Nakheel's flagship properties are the three man-made palm tree shaped islands on the coast of Dubai. Nakheel operates under the umbrella of Dubai World, which manages various businesses on behalf of the Dubai government. The executive chairman of Al Nakheel is Sheikh Ahmed bin Saeed Al Maktoum.
The company owned the retired ocean liner, Queen Elizabeth 2, which it acquired for $100 million and planned to convert into a luxury hotel, that was to have been moored at the Palm Jumeirah. However, in January 2013 it was announced a consortium known as QE2 Shipping had been formed to own and operate the ship as a five star 400-room hotel at an unknown location in Asia.
On July 6, 2011, Dubai World’s board of directors announced that Nakheel's legal ownership would be transferred to the Government of Dubai upon completion of the company's financial restructuring.
...
Wikipedia