Nakheel

DEVELOPERNakheel

AVAILABLE PROJECTS19 active projects

PRICES FROMAED 1.45M

PROPERTY TYPESAPARTMENT, DUPLEX, PENTHOUSE, TOWNHOUSE, VILLA

Nakheel is a Dubai master developer behind the Palm Jumeirah, the artificial archipelago whose construction began in 2001. Its portfolio also includes Jumeirah Village Circle, Jumeirah Islands, Ibn Battuta Mall and Nakheel Mall.

Nakheel was long a subsidiary of Dubai World and went through a major debt restructuring after the 2009 debt crisis, with its ownership later moving to the Government of Dubai. From 2022 it moved ahead with Palm Jebel Ali and Dubai Islands (formerly Deira Islands). In March 2024 Nakheel and Meydan were merged into Dubai Holding by decree of the Ruler of Dubai.

Key facts

Ownership: Formerly a subsidiary of Dubai World; ownership later moved to the Government of Dubai. On 16 March 2024 Nakheel and Meydan were merged into Dubai Holding by mandate of the Ruler of Dubai; the boards of both companies were abolished.
Financial crisis: 2009-2011: debt crisis and restructuring

Timeline

2001Construction of Palm Jumeirah begins (June 2001).
2009Palm Jumeirah Monorail opens (30 April 2009); Dubai debt crisis hits Nakheel.
2022Financing of AED 17 billion secured (Nov 2022); Palm Jebel Ali relaunched; Dubai Islands (ex Deira Islands) restarted.
2024Merged into Dubai Holding (16 March 2024).

Notable projects

Palm Jumeirah — Artificial archipelago; constructed by Van Oord; began June 2001.
Palm Jebel Ali — Stalled for years; relaunched 2022-2023 (7 islands, 16 fronds and 91 km of beachfront at the 2023 relaunch).
Dubai Islands (formerly Deira Islands) — Restarted 2022.
Jumeirah Village Circle — Nakheel master community.
Jumeirah Islands, Jumeirah Park, The Gardens — Other Nakheel communities.
Ibn Battuta Mall, Dragon Mart, Nakheel Mall, Golden Mile Galleria, Deira Mall — Retail developments.