Thursday 24 April 2014
 
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nakheel

Accor, Nakheel launch ibis Styles brand in region

Accor Middle East, one of the leading hospitality groups in the region, recently signed a management agreement with Dubai-based master developer Nakheel to operate its first Ibis Styles hotel in the region. Construction of the hot

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Nakheel invites bids for ‘The Boardwalk’

Dubai-based property developer Nakheel has invited bids for a new attraction that will extend along the entire length of the outer breakwater of Palm Jumeirah’s Crescent.   'The Boardwalk' will be a

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Nakheel sees Q1 net profit up 28pc

Dubai property developer Nakheel reported a 28 per cent increase in first-quarter net profit on Wednesday (April 9).   The government-owned company made a net profit of Dh629 million ($171.3 million) in the first

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Nakheel targets 15pc rise in annual profit

Dubai property developer Nakheel is a targeting a 15 percent increase in annual profit in 2014 as it launches new projects and expands its leasing income, the firm's chairman said on Wednesday. Government-run Nakheel agreed a

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Nakheel plans two new malls at Jumeirah

Dubai-based Nakheel, a major real estate developer, will build two new shopping malls covering a total of 1.5 million sq ft in its Jumeirah Village complexes in the emirate as part of its growing portfolio of retail projects. The

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Nakheel initiates $639m bank debt repayment

Dubai developer Nakheel said it has initiated early repayment of Dh2.35 billion ($639.8 million) of bank debts 18 months ahead of maturity in September 2015. The state-owned company had accumulated Dh6.8 billion of bank debts whil

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Nakheel retail projects get 160 bookings

Leading property developer Nakheel has confirmed 160 bookings for its upcoming retail projects, said a report. More than 70 per cent of space at the developer’s Al Furjan community centre has been taken, while 55 per cent of

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Drake and Scull unit wins $102m Nakheel deal

A subsidiary of Dubai-based contractor Drake and Scull has won a 375 million dirham ($102.10 million) contract from local developer Nakheel , Drake and Scull said on Tuesday. The contract is related to a development at Nakheel'

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Nakheel net profit surges 27pc

Dubai's Nakheel reported a 27.2 per cent rise in full-year profit on Sunday as the property developer benefitted from the emirate's resurgent real estate market. The government-owned developer, which agreed a $16 billion d

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Imdaad renews FM contract with Nakheel unit

UAE-based Imdaad has renewed its agreement with Strata Management Services, a subsidiary company of Nakheel, to provide FM services for International City’s Owners Association buildings. International City, a master developm

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