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Dubai Construction Companies

Nakheel PJSC

Property Development

Updated 18th Mar 2023

Nakheel is a construction-related company operating in Dubai.

Key information

Services offered

Property Development

Year founded

2000

Website

http://www.nakheel.com/

In the first half of 2017 Nakheel recorded a net profit of $718.8m (AED2.6bn) and awarded construction contracts worth almost $3bn (AED11bn). Those included a $1.1bn (AED4.2bn) contract for Deira Mall at Deira Islands and a $408.4m (AED1.5bn) contract for The Palm Gateway on Palm Jumeirah.

In 2017 the company broke ground on new hotels with a combined value of $113.3m (AED416m) at Dragon City and Ibn Batutta Mall, as well as releasing a construction tender for the $182.5m (AED670m), 800-room Riu Resort on Deira Islands.

In Q4 2017 Nakheel expects to award the contract for the construction of the Riu beachfront development and have the project ready for delivery by 2020. The joint venture between Nakheel and Spanish hospitality group, Riu Hotels & Resorts is one of 17 projects under Nakheel’s $ 1.4bn (AED5bn) hospitality expansion programme.

Nakheel is also evaluating five proposals for the construction of Dragon Towers, its twin-building residential complex at Dragon City, which it plans to complete in 2020.

Nakheel In the news

Nakheel to showcase master plan projects at MIPIM 2023
Emirates News Agency, 13th Mar 2023

Dubai’s Palm Jebel Ali in final stages of construction, Nakheel searching for co…
Arabian Business, 11th Jan 2023

Nakheel appoints GINCO General Contracting and Bhatia General Contracting for Ti…
Construction Business News, 21st Dec 2022

Nakheel Awarded Great Place To Work® Certification
Construction Business News, 23rd Nov 2022

Dubai's Nakheel secures $4.6bn to fund expansion
The National, 8th Nov 2022

Dubai developer Nakheel refinances Dh11b, takes in another Dh6b to fund next-gen…
Gulf News, 8th Nov 2022

Relaunch of Palm Jebel Ali shows 'sheer demand' for Dubai property
The National, 2nd Oct 2022

Nakheel launches Palm Beach Towers 3 as Dubai property sales hit 10-year high
The National, 30th Sep 2022

Dubai developer Nakheel is getting ready for city’s next-generation waterfront d…
Gulf News, 26th Sep 2022

Nakheel gives 'Deira Islands' a makeover - new five-island destination will be '…
Gulf News, 22nd Aug 2022

Dubai: Palm Jumeirah building to get a makeover, residents asked to move out
Khaleej Times, 16th Jun 2022

Nakheel accepts crypto payments for rent and real estate purchases in partnershi…
Arabian Business, 29th Apr 2022

Nakheel launches collection of townhouses at the Jebel Ali Village gated communi…
Arabian Business, 17th Mar 2022

Nakheel hires builder for sold-out Dubai homes project
Arabian Business, 1st Feb 2022

Nakheel serves eviction notice to residents of Jebel Ali Village
Khaleej Times, 2nd Nov 2021

Dubai’s Nakheel is remodelling Jebel Ali Village into hill-side community
Gulf News, 2nd Nov 2021

Family-friendly Centara Mirage Beach Resort coming to Dubai
Hotelier Middle East, 4th Oct 2021

Watch: Potential buyers queue up to get townhouses in Dubai
Khaleej Times, 8th Sep 2021

Nakheel's new wholesale souk at Deira Islands opens to public
Dubai Media Office, 18th Aug 2021

Centara Mirage Beach Resort Dubai to open in October 2021
Hotelier Middle East, 17th Aug 2021

All 217 of Nakheel's Dh2.9m Al Furjan villas sell out in 4 hours
Gulf News, 21st May 2021

Nakheel opens new mosque at Jumeirah Park
ME Construction News, 20th Apr 2021

Nakheel property owners, tenants can renew leases or schedule maintenance with M…
Gulf News, 15th Apr 2021

Look: On Dubai’s Palm, it’s The View that matters
Gulf News, 8th Apr 2021

Dubai's Palm Jumeirah gets its highest point - The View at 240m up opens April 7
Gulf News, 5th Apr 2021

Nakheel’s Palm Jumeirah residential project is 95% complete
Gulf News, 21st Mar 2021

Dubai set to open huge new wholesale trading hub in April
Arabian Business, 20th Feb 2021

Dubai to get new waterfront shopping destination
Khaleej Times, 17th Feb 2021

Nakheel Malls launches 'Souk Al Marfa' in partnership with DP World
Dubai Media Office, 17th Feb 2021

Nakheel's Nad Al Sheba Villas sales' cross $544.5m
Construction Week, 12th Feb 2021

Nakheel's Al Furjan, Discovery Gardens line up for Dubai Metro extension benefit…
Gulf News, 31st Dec 2020

Dubai opens doors to its latest 'island'
Gulf News, 10th Dec 2020

Nakheel sets up new company to offer community management
Gulf News, 19th Nov 2020

Dubai’s Palm Fountain takes Guinness World Records title for World’s Largest Fou…
Construction Business News, 25th Oct 2020

Anchoring is available at Deira Island and Dubai Waterfront locations
ME Construction News, 15th Oct 2020

Nakheel to open Palm West Beach waterfront destination
Construction Week, 14th Oct 2020

Dubai developer Nakheel slashes salaries
Gulf News, 6th May 2020

Stimulus: Nakheel sets up Dh230 million relief package
Gulf News, 26th Mar 2020

Dubai wealth fund CEO to replace Nakheel chairman
Arabian Business, 21st Jan 2020

Top 100 GCC Real Estate Developers: Nakheel
Construction Week, 25th Sep 2019

Nakheel launches exclusive collection of high-end, ready-to-occupy villas at Nad…
Emirates 24|7, 25th Aug 2019

Nakheel launches villas for lease at Nad Al Sheba
Khaleej Times, 24th Jul 2019

Construction Nakheel says construction of ‘The View at The Palm’ attraction near…
ME Construction News, 4th Jul 2019

See Dubai from a whole new point of view, 240 metres above Nakheel’s world-famou…
Dubai Media Office, 3rd Jul 2019

Nakheel invests Dh114m in Al Khail Avenue's roads and bridges
Emirates 24|7, 26th Jun 2019

Nakheel pedals ahead with Dh8.6m cycle track at new Nad Al Sheba community
Emirates 24|7, 9th May 2019

Nakheel to showcase US$15.8 billion in Dubai real estate at MIPIM
Emirates 24|7, 13th Mar 2019

Dubai's Nakheel dismisses 'unfounded' claims over Night Market
Arabian Business, 6th Mar 2019

Palm Jumeirah developer Nakheel sees net profit decline 22% to Dh4.38 billion
Gulf News, 6th Mar 2019

Nakheel starts work on Palm Tower rooftop infinity pool
Emirates 24|7, 9th Jan 2019

Nakheel awards EUR5.6m contract for PALM360 piling work
Emirates 24|7, 10th Oct 2018

Nakheel opens waterfront retail pavilion at Jumeirah Islands
Emirates 24|7, 14th Apr 2017

Nakheel opens retail pavilion at Jumeirah Islands
Gulf Business, 13th Apr 2017

Nakheel in strong showing with Dh4.38b net profit
Gulf News, 3rd Feb 2016

Palm Jebel Ali investors say still backing Nakheel to finish project
Arabian Business, 18th Mar 2015

“What can I do if they are not happy?” says Nakheel chairman
Arabian Business, 17th Mar 2015

Nakheel to build 4,000 new residences in Jebel Ali
The National, 24th Jan 2015

Dubai's Nakheel sees 2014 revenues plunge by 33%
Arabian Business, 21st Jan 2015

74 Nakheel investors write to Dubai ruler over stalled Palm Jebel Ali
Arabian Business, 24th Nov 2014

The Palm construction on schedule
Gulf News, 8th Aug 2002

Nakheel Dubai Projects

Nakheel is associated with the following real estate projects in Dubai:

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