Nakheel Properties
 |
|
| Government owned | |
| Industry | Real Estate |
| Founded | 2000 |
| Headquarters | Dubai, United Arab Emirates |
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Area served
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87 countries |
|
Key people
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Ali Rashid Ahmad Lootah (Executive Chairman) Sanjay Manchanda (Chief Executive Officer) |
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Number of employees
|
2000 |
| Website | www.nakheel.com |
Nakheel (Arabic: نخيل palms or palm trees) is one of the world’s leading property developers, based in Dubai, United Arab Emirates and is a major contributor to realizing the vision of Dubai for the 21st century: to create a world-class destination for living, business and tourism.
The Chairman of Nakheel is Ali Rashid Ahmed Lootah. The CEO of Nakheel is Sanjay Manchanda.
Nakheel has an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors. Master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba.
Nakheel’s current and future retail project developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria, Nakheel Mall, The Pointe, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and Nad Al Sheba Mall, as well as major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. The retail profile also includes several neighbourhood community centres.
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.
In the first quarter of 2017, Nakheel announced its highest annual net profits in the company’s history: AED4.96 billion in 2016 – a 13 per cent increase on the 2015 net profit of AED4.38 billion. Nakheel generated a net profit of AED955 million for the last quarter of 2016 – up 22 per cent on the AED781 million posted for the same period in 2015.
Palm 360 is an iconic, twin-tower luxury hotel, apartment and penthouse complex on Palm Jumeirah’s western crescent. Soaring more than 220 metres above Palm Jumeirah, Palm 360 offers all-round, uninterrupted views of The Palm, the Persian Gulf and the Dubai skyline.
The Palm Tower is a 52-storey, 220 metre tall luxury residential and hotel and complex under construction at the heart of Palm Jumeirah. St Regis hotel with 289 rooms occupying the first 18 floors and 502 luxury residences above. Rooftop infinity pool, restaurant and viewing deck. Hotel guests will have free access to the nearby, upcoming St Regis Beach Club; residents will benefit from preferential membership deals.
Part of Nakheel’s Palm West Beach complex, the St. Regis Beach Club will offer exclusive dining, leisure and fitness venues alongside mesmerising views of the Persian Gulf. This includes modern, fusion dining concepts new to the UAE, an infinity edge pool stretching almost 100 metres along the seafront, and a state-of-the-art gymnasium.
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Wikipedia