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The Atlantis Hotel, rear, on the man-made Palm Island, built by property giant Nakheel in Dubai. Nakheel, builder of man-made islands in the shape of palms, is in talks to extend an 8 billion dirhams ($2.18 billion) loan due in 2015, the indebted
Dubai gave the go ahead on Wednesday to plans for a new $1.6 billion island project featuring the world's largest ferris wheel at its centre, as the emirate resumes constructing extravagant projects reminiscent of its boom years. The emirate is
According to a release on his website, Shaikh Mohammed visited the headquarters of developer Nakheel on Saturday, where he ordered work to begin on the Dh2.5 billion Nakheel Mall' project on the Palm Jumeirah beachfront. He also ordered the start of
The real estate consultancy, in its 2012 property report, put average price jumped between 20 and 30 per cent with Arabian Ranches leading the villa segment and Downtown Dubai and Emirates Living the high-end apartment market. Global property
People walk past the headquarters of Aldar Properties at Al-Raha Beach in Abu Dhabi. The state-backed union of Abu Dhabi's two biggest property developers is likely just the first step in a wider consolidation that will see projects and state
Indebted Dubai property developer Nakheel posted a 57 percent rise in full-year profit, saying its earnings growth showed the emirate's real estate sector was in recovery. House prices plunged about 60 percent from a 2008 peak as a property boom
The Atlantis Hotel, rear, on the man-made Palm Island, built by property giant Nakheel in Dubai. Property developer Nakheel on Sunday awarded contracts worth $136 million to two local construction firms for a luxury villa project stalled after Dubai'
DubaiSat-1, the UAE-owned and operated earth observation satellite, has relayed a high-quality image of the area in Dubai that will be developed into the recently announced Mohammed Bin Rashid City. MBR City project and provide images every month to
December 17, 2012 A new project of a district featuring the worlds biggest mall, and a complex of five theme parks, may cost as much as $43 billion to build. Pic: Bloomberg Dubai: Dubai, gearing up for a new development boom, will need to prove to
Today, Nakheel said it had sold all villa plots in Jumeirah Islands for over Dh55.4 million. The plots were snapped up at a company auction for Dh513 per square feet, a 46 per cent premium over their bid price of Dh350.