Nakheel PJSC is a construction-related company operating in Dubai.
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 PJSC In the news
Gulf News, 19th Nov 2020
Construction Business News, 25th Oct 2020
ME Construction News, 15th Oct 2020
Construction Week, 14th Oct 2020
Gulf News, 6th May 2020
Gulf News, 26th Mar 2020
Arabian Business, 21st Jan 2020
Construction Week, 25th Sep 2019
Emirates 24|7, 25th Aug 2019
Khaleej Times, 24th Jul 2019
ME Construction News, 4th Jul 2019
Dubai Media Office, 3rd Jul 2019
Emirates 24|7, 26th Jun 2019
Emirates 24|7, 9th May 2019
Emirates 24|7, 13th Mar 2019
Arabian Business, 6th Mar 2019
Gulf News, 6th Mar 2019
Emirates 24|7, 9th Jan 2019
Emirates 24|7, 10th Oct 2018
Emirates 24|7, 14th Apr 2017
Gulf News, 3rd Feb 2016
Arabian Business, 18th Mar 2015
Arabian Business, 17th Mar 2015
The National, 24th Jan 2015
Arabian Business, 21st Jan 2015
Arabian Business, 24th Nov 2014
Nakheel PJSC Dubai Projects
Nakheel PJSC is associated with the following real estate projects in Dubai: