Apr 162012
Assets at the end of 2011 totaled 24 billion dirhams, up from 8 billion in the prior-year period. Lootah attributed this to a restructuring, improved market conditions and a revised business plan.
During the year, Nakheel delivered 820 units including land parcels.
“Revenues were mainly Read more [...]
Apr 102012
Of the 35 properties auctioned in 2011 and amongst the list of properties going under hammer this year, none are from the Burj Khalifa, the world’s tallest tower, or Palm Jumeirah, according to a senior Dubai Land Department (DLD) official.
“We have not Read more [...]
Mar 212012
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Nakheel Plans First New Palm Island Project Since Crash
Nakheel via Bloomberg
Nakheel will build shops, computer-controlled fountains Read more [...]
Feb 282012
Dubai developer Nakheel, which ran into financial trouble in 2009 and had to be bailed out by the government, is to start selling properties in its Palm Jumeirah project next month.It will be the first properties to be sold on Read more [...]
Nakheel pays back Dh202.2m to lenders
Property
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Feb 272012
Dubai: Nakheel, one of Dubai's largest property developers, has paid Dh202.2 million to its lenders as part its restructuring commitments.
The payments are in line with the due date, which is scheduled for the end of Read more [...]
Feb 272012
Khalaf Al Habtoor says Nakheel's stance on charging Palm residents to use the beach is 'dangerous' and 'unacceptable'.
RELATED ARTICLES: Nakheel to start selling Palm Jumeirah houses | Shame on you, Nakheel tells service charge dodgers | Nakheel ups ante in unpaid service charges dispute
Nakheel’s decision to charge Read more [...]
Nakheel pays $55m in profit and interest fees
Property
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Feb 262012
Nakheel, the Dubai developer bailed out by the government in 2009, said it paid AED202.2m ($55m) in profit and interest payments to its lenders.
The architect behind Dubai’s Palm Jumeirah said the payments were due at the end of February “in accordance with the restructuring Read more [...]
Feb 252012
Residents of Palm Jumeirah, Jumeirah Lakes Tower, International City and Discovery Gardens will start getting fines from March if they are found hanging clothes or having a barbecue on their balcony, 'Emirates24|7' can reveal.
Trakhees, the organisational arm of Ports, Read more [...]
Nakheel to start sale of homes on Palm Jumeirah
Property
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Feb 242012
Dubai: Nakheel will start selling townhouses on Palm Jumeirah next month, the developer's first residential project since the property market crashed in 2008, chairman Ali Rashid Lootah said.
Nakheel announced a plan to build 102 townhouses on the island in September.
Read more [...]
Feb 232012
Recovery in Dubai’s residential real estate sector will be most evident in communities such as Emirates Hills, Meadows/Springs, Arabian Ranches, Downtown and The Palm over other areas, say experts.
According to Charles Neil, Chief Executive Officer, Landmark Properties, recovery will be “mostly Read more [...]
Feb 232012
Nakheel PJSC, the Dubai developer
bailed out by the government in 2009, will start selling
townhouses on Palm Jumeirah next month in its first new
residential project since the property market crashed in 2008,
Chairman Ali Rashed Lootah said.
The state-controlled company will Read more [...]
Feb 222012
An 11,355 sq ft apartment in the Burj Khalifa, sold in October for AED28.15m ($7.66m), has been ranked the most expensive real estate transaction in Dubai of 2011, according to data from real estate website Reidin.com.
Click here to see the priciest real estate transactions Read more [...]
Feb 212012
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Emirates Living projects, Downtown, Arabian Ranches, The Palm will make the most recovery, say expertsRecovery in Dubai's residential real estate sector will be most evident in communities such as Emirates Living, Arabian Ranches, Downtown and The Palm over other Read more [...]
Feb 212012
Recovery in Dubai’s residential real estate sector will be most evident in communities such as Emirates Living, Arabian Ranches, Downtown and The Palm over other areas, say experts.
According to Charles Neil, Chief Executive Officer, Landmark Properties, recovery will be “mostly [in areas Read more [...]