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Nakheel Properties

Nakheel Properties News

Palm Jebel Ali will add 91km to Dubai's coastline and provide homes for about 35,000 families

Dubai developer releases first Palm Jebel Ali villas

The first villas available to buy on Dubai’s billion-dollar Palm Jebel Ali man-made island project have been released by developer Nakheel. The 13.4 sq km mega-project – twice the size of Palm Jumeirah – will add 91km of coastline to the emirate and provide homes for about 35,000 families. The inaugural properties for purchase are […]

Dubai Islands-Bur Dubai bridge to be ready by 2026

Dubai’s Roads and Transport Authority has signed an agreement with state-owned Nakheel to construct direct entrances and exits from bridges to the Dubai Islands from Bur Dubai.  The Dubai Islands project will have entry and exit points on the Bur Dubai side through a bridge stretching across the Dubai Creek between the Infinity Bridge and […]

The World Dubai

Bahrain bank exits investment on Dubai’s The World

A Bahrain bank has sold its investment in a manmade island on The World development off the coast of Dubai. Venture Capital Bank (VCBank), an Islamic wholesale bank licensed by the Central Bank of Bahrain, announced this week that it has sold a 900,000 square foot island plot on The World, which it owned along […]

Visitors look at the Falconcity of Wonders model at a Dubai property fair in 2012

Falconcity of Wonders plots to go under hammer in Dubai

Hundreds of plots of land at a Dubai development that promised homebuyers views of a replica Eiffel Tower or Taj Mahal have been put up for auction. The Falconcity of Wonders project was launched in 2005, at the height of the Dubai real estate boom, and its masterplan included districts themed around Paris and Venice. […]

High demand for residential units is pushing up building costs in the UAE

UAE’s construction activity rises despite cost hikes

Construction activity in the UAE rose by almost 50 percent in the second quarter of 2023, despite higher raw material costs.  The increase in workload was driven by the country’s residential sector (up 55 percent). Commercial and infrastructure were also buoyant, with activity up 35 percent and 44 percent respectively, according to the Royal Institution […]

Dubai The World Island project

Dubai businessman ready to take on The World

A Dubai businessman is in talks to try and launch a project on The World, as the emirate’s record-breaking real estate market revives interest in the manmade island development. The World was launched in 2003 by state-owned master developer Nakheel. Made up of 300 small manmade islands in the shape of the map of the […]

Land, Nature, Outdoors

Turkey island in Dubai set for $21m auction

A manmade island on The World development off the coast of Dubai has been put up for auction, with the price tag starting at AED78 million ($21.24 million). Part of an archipelago built in the shape of the map of the world, the island – named Turkey – has had “many” potential buyers visit the 47,645 […]

Dubai, construction workers, pandemic

Dubai real estate still playing catch-up after pandemic

Dubai’s real estate market is experiencing soaring demand but the supply shortfall from the Covid pandemic is still having an impact and is likely to remain for at least another two years, experts have said. Residential property prices in the emirate climbed at their fastest rate in almost a decade in the first half of […]