Nakheel Properties

Nakheel Properties
Company typeGovernment owned
IndustryReal estate
Founded2003 (2003)
Headquarters,
Key people
ServicesProperty development
RevenueIncrease AED 5.67 billion[1] (2017)
OwnerGovernment of Dubai
Number of employees
1,500[2]
SubsidiariesJumeirah Village, Nakheel Marinas, International City, Canal District, Jumeirah Islands, Warsan, Dragon Mart Complex, The Gardens, Nakheel Asset Management, Palm Deira, Azure Residences, Veneto Residence, Badrah, Golden Mile
Websitewww.nakheel.com

Nakheel Properties (Arabic: نَـخٍـيْـل, romanizednakhīl, lit.'palm tree') is a real estate development company based in Dubai, United Arab Emirates.[3] The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise.[4][2]

Nakheel was central to Dubai's debt crisis in 2009–2010.[5] The company has been reported to be the second-largest property developer in Dubai after Emaar Properties.[6]

On March 16 2024 Nakheel, along with Meydan, were merged into Dubai Holding and ceased to be a separate entity.[7]

  1. ^ "Dubai Media Office Press Release". Media Office. UAE: Government of Dubai. 31 January 2018. Archived from the original on 6 February 2020. Retrieved 12 February 2018.
  2. ^ a b "Nakheel PJSC". Bloomberg. Retrieved 26 May 2021.
  3. ^ Jacobs, W.A.A. (2005). "Booming Dubai. De olie voorbij". Geografie. Vaktijdschrift voor Geografen. Vol. 8. pp. 22–25. hdl:2066/47223. ISSN 0926-3837.
  4. ^ "Nakheel PJSC". ClarifiedBy.com. Diligencia Group. Retrieved 4 October 2021.
  5. ^ Hughes, Jack (23 November 2010). "Dubai's towering ambitions turned out to be a mirage". Guardian. Retrieved 6 December 2021.
  6. ^ Kirchenbauer, Reid (7 March 2019). "Top 10 Dubai Property Developers: A Complete Guide". Invest Asian. Retrieved 14 August 2021.
  7. ^ "Mohammed bin Rashid mandates incorporation of Nakheel and Meydan into Dubai Holding under leadership of Ahmed bin Saeed Al Maktoum - Dubai Holding Website". Dubai Holding Website. Archived from the original on 2024-04-25. Retrieved 2024-12-17.

Nakheel Properties

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