History of Nakheel Properties
Nakheel is one of the world’s prominent developers and one of Dubai’s premier developers. Nakheel has a vision for the 21st century in Dubai to create a top destination that is unrivaled in living, business and tourism. Nakheel has currently developed multi-purpose communities at Palm Jumeirah, The World Islands, 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. These projects span across 15,000 hectares and are home to over 270,000 residents. Nakheel has more than 21,000 residential units under construction or in the pipeline.
Nakheel’s Presence Worldwide
Nakheel Properties has established itself as a benchmark in the real estate market in Dubai. It is a major property developer and is recognized not only at a local and regional level, but on a global stage. Their projects are diverse and they have ventured into multiple industries including residential development, hospitality, retail and leisure.
Off-plan properties in Dubai are focused on delivering optimal real estate development to the best of their abilities. Their positive attitude drives them to have a stronghold in the in real estate industry in the UAE. Considered an enigma, Nakheel Properties generated Dh4.38 billion in profits in the year 2018. With Dubai off-plan properties thriving, their growth strategy is to substantially increase revenue in the coming years.
Nakheel’s Past and Future Ventures
Some of their flagship projects include the likes of Nakheel Mall on Palm Jumeirah, 1,500 villas at Nad Al Sheba and Night Market on Deira Islands. They want to focus on sustainable projects and expand into other sectors like leasing. On the residential market, the real estate developer has delivered 13,357 units in the last decade alone. Nakheel’s portfolio both current and future include 19 retail developments spanning across 17 million square feet, 24 restaurants and clubs and a combination of serviced apartments, hotels and resorts. They have a project in the pipeline on Deira Islands, 601 room, 4 star beach hotel that is looking at being completed in 2020.