Nakheel Developer

Introduction to Nakheel Properties

Nakheel Properties is one of real estate property development, with its headquarters located in the city. Nakheel has played a pivotal role in innovating Dubai's residential, commercial, leisure, and service-oriented buildings. The company's main focus is on the construction and development of high-quality, secure skyscrapers, hotels, office buildings, and residential properties.

Nakheel Properties, known for its global landmark projects, has significantly contributed to shaping modern Dubai’s architecture, positioning the city as a premier tourist and business hub. The company’s activities are not limited to real estate development; Nakheel has also expanded into hospitality, shopping malls, and restaurants.

Nakheel Properties: Overview

Established in 2000 in the UAE, Nakheel Properties is owned by Dubai World, a government entity, and is considered one of the key developers in the region. Its main competitor is Emaar Properties. Some of Nakheel’s most renowned projects include Palm Jumeirah, The World Islands, Ibn Battuta Mall, Deira Islands, and the Nakheel Tower.

In 2009, Nakheel faced some financial challenges but bounced back with successful investments and a $898 million funding boost from the ruler of Dubai in 2013. This allowed the company to embark on high-profile projects on Palm Jumeirah. Today, Nakheel stands as the second-largest real estate developer in the UAE, making it a prime choice for those looking to Buy Property in Dubai.

CEO of Nakheel Properties

Naaman Atallah, a seasoned veteran of the UAE real estate industry with over three decades of experience, was appointed CEO of Nakheel Properties in 2020. His strategic focus and leadership have brought notable achievements to the company.

Before joining Nakheel, Naaman held key roles in various Dubai real estate firms, including CEO of Dubai Properties and Executive Director at Emaar. He holds an MBA from Pepperdine University and was named one of the most influential Arab businessmen in 2022.

Nakheel's Landmark Projects

Nakheel’s innovative approach has paved the way for other construction companies in Dubai to develop unique real estate projects. For instance, Nakheel's infrastructural investments expanded Dubai’s coastline from 70 km to over 300 km.

One of Nakheel's most iconic projects is Palm Jumeirah, a globally recognized development. Other major projects include Jumeirah Village, Al Furjan, Discovery Gardens, Jumeirah Islands, Dragon City, and International City.

The Palm Tower by Nakheel Properties

The Palm Tower is a masterpiece developed by Nakheel, located in the prestigious Palm Jumeirah neighborhood. It features a combination of residential units and a luxurious 5-star hotel.

What sets The Palm Tower apart is the presence of one of the world's highest infinity pools on the 50th floor, an observation deck on the 52nd floor, a state-of-the-art fitness center, fine dining restaurants, and other top-tier amenities. This building has become one of Nakheel’s most celebrated developments.