Nakheel Properties is one of the leading property developers in Dubai. The company was founded in 2003 as a subsidiary of the state-owned conglomerate Dubai World. In 2011, following a debt restructuring, it came under the direct management of the Dubai government.
Mohammed Ibrahim Al Shaibani was appointed chairman of Nakheel's board of directors in January 2020. He succeeded Ali Rashid Lutah in this position. Naaman Attallah was appointed as CEO in November 2020.
In March 2024, Nakheel and Meydan were merged under the umbrella of Dubai Holding. This merger was a significant development in Dubai's property market. The company is led by Ahmed bin Saeed Al Maktoum as Chairman and Amit Kaushal as Chief Executive Officer. Nakheel is committed to creating quality properties. This endeavour provides a comfortable environment to live, do business and attract tourists. The company combines modern technology with effective urban planning techniques. The developer pays special attention to the interests, comfort and safety of people.
One of Nakheel's most popular projects is the creation of the Palm Jumeirah artificial island. Thanks to it, the length of Dubai's coastline has increased by more than 300 kilometres. The developer owns such large-scale projects as Palm Jebel Ali, Palm Deira and The World Islands. Nakheel's portfolio also includes The Gardens, International City, Jumeirah Lake Towers and Jumeirah Islands. Dragon Mart and Ibn Battuta Mall are the company's commercial projects.
Nakheel offers a wide range of properties in Dubai, namely apartments, villas and townhouses. Current projects include Bay Grove Residences, The Beach Collection, District One West 2, Rixos Dubai Islands Hotel & Residences and Naya.
Bay Grove Residences is a waterfront development on Dubai Islands. It consists of four interconnected buildings. They are united by a podium with a panoramic swimming pool. The developer offers 1-3 bedroom apartments, duplexes and 4-bedroom penthouses. Residents get direct access to the beach and beautiful views of the Arabian Gulf.
The Beach Collection is a residential development on Palm Jebel Ali. The project includes 3-storey villas by Nakheel with 5 and 6 bedrooms. These properties in Dubai range in size from 680 m² to 784 m². Eight different home styles are available: Tropical Mist, Sapphire, Provence and Mediterranean. Each villa is complemented by a private pool and spacious terraces.
District One West 2 is located at Mohammed Bin Rashid City. The development features villas by Nakheel. The houses are surrounded by green parks and lagoons. Residents have access to MBR City's sports facilities, shopping centres and restaurants.
Rixos Dubai Islands Hotel & Residences is a five-star hotel and residential development on the Dubai Islands. The project includes apartments by Nakheel and villas. Residents and guests have access to private beaches, spas, fine dining restaurants and other services from the Rixos brand.
Naya is an apartment development at District One. Nakheel offers spacious apartments with a variety of layouts. There are many plants planted in the compound. There are jogging and cycling paths, shopping and entertainment facilities within walking distance.
Each of these projects reflects Nakheel's commitment to creating unique and quality living spaces that blend contemporary architecture with Dubai's natural landscapes.
Nakheel's activities are not limited to Dubai. In Sharjah, the company has built Al Nakheel Tower at Al Majaz. It is a low-rise building with all the necessary amenities including a gym, children's playground and underground parking.
Nakheel Properties has been recognised for its achievements in brand management and construction. Among the six awards won by the company at the 2023 Transform Awards MEA for brand evolution and development, three gold, one silver and two bronze awards were given for evolution, brand architecture and visual style.
In 2022, Nakheel received the Great Place to Work® certification. It validates the creation of a culture of inclusivity, support and understanding in the workplace.
In 2020, the developer was recognised with EGI Awards for excellence in Geographic Information Systems.
Developer has demonstrated steady growth and strong financial performance. In 2018, the company posted a net profit of AED 4.38 bn ($1.19 bn). This emphasises its operational efficiency.
In 2022, Nakheel entered into a strategic financing agreement totalling AED 17 bn ($4.63 bn). Of this amount, AED 11 bn ($3 bn) was used for refinancing. The remaining AED 6 bn ($1.63 bn) is earmarked for large-scale projects such as Dubai Islands.
According to the latest figures, the company's annual revenue reaches AED 5.5 bn ($1.5 bn), highlighting Nakheel's financial strength and its role in developing the city's infrastructure. These figures demonstrate the property developer's ability to attract investment and deliver projects that have a significant impact on Dubai's economy.
Nakheel Properties continues to play a key role in shaping the landscape of the emirate. The company offers innovative and quality property solutions in Dubai. By combining tradition and modern technology, the developer creates spaces that become examples of progress and development in the region.
District One
