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Nakheel Properties

Nakheel Properties News

Dubai’s Nakheel plans to raise $4.6bn loan to refinance debt

Dubai state developer Nakheel plans to raise a loan of about AED 17 billion ($4.6 billion) to refinance existing debt, Bloomberg reported, citing people familiar with the matter. The company is seeking financing from a group of lenders, including Dubai Islamic Bank, Emirates NBD and Mashreqbank.  The banks arranging the loan are also asking global […]

The project's scope has expanded from its inception, adding a further $30 billion to the originally estimated $20 billion cost

Diriyah Gate: The kingdom’s cultural heart

Roughly 20 minutes’ drive north-west of Riyadh’s city centre lies the historic town of Diriyah. The original home of the House of Saud and the capital of the First Saudi State, it is here that the country’s new cultural capital is beginning to take shape. Overseeing its transformation is the Diriyah Gate Development Authority (DGDA), […]

Why Dubai property prices are surging at seven-year highs

Property prices in Dubai are rising at their fastest rate for seven years, according to new data released on Wednesday. Prices in Dubai’s residential market continue to expand, with prime residential prices, encompassing the Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, surging by 58.9 percent over the last 12 months, said real estate consultancy […]