Nakheel Properties: Difference between revisions
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Located within International City, another world-class Nakheel development, Dragon Mart is considered the largest trading hub for Sino products outside mainland China. It is spread over an area of 150,000 square meters in addition to 30,000 square meters of warehouses. For the first time in the region, the development offers customers from the Middle East a wide range of Chinese goods and commodities, both wholesale and retail, all under one roof. |
Located within International City, another world-class Nakheel development, Dragon Mart is considered the largest trading hub for Sino products outside mainland China. It is spread over an area of 150,000 square meters in addition to 30,000 square meters of warehouses. For the first time in the region, the development offers customers from the Middle East a wide range of Chinese goods and commodities, both wholesale and retail, all under one roof. |
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[[Image:The world Dubai.jpg|thumb|right|The World logo]] |
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===Dubai Design Centre=== |
===Dubai Design Centre=== |
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The Dubai Design Centre is an exclusive mega-centre for traders and retailers offering a complete range of home furnishing, design, gardening and construction solutions. Helping meet the demands of Dubai's growing population, and serving clients purchasing properties in the Emirate and beyond, Dubai Design Centre will spread over an area of 12 million square feet. |
The Dubai Design Centre is an exclusive mega-centre for traders and retailers offering a complete range of home furnishing, design, gardening and construction solutions. Helping meet the demands of Dubai's growing population, and serving clients purchasing properties in the Emirate and beyond, Dubai Design Centre will spread over an area of 12 million square feet. |
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===Jumeirah Islands=== |
===Jumeirah Islands=== |
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Nakheel brings a waterfront community to the heart of the desert with Jumeirah Islands, a 300 hectare residential development created with families in mind. Here, an array of home types are surrounded by lush landscaping, winding canals, dynamic waterfalls and lagoons, all located in Dubai's most prestigious district. |
Nakheel brings a waterfront community to the heart of the desert with Jumeirah Islands, a 300 hectare residential development created with families in mind. Here, an array of home types are surrounded by lush landscaping, winding canals, dynamic waterfalls and lagoons, all located in Dubai's most prestigious district. |
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Revision as of 18:51, 22 May 2007
| File:The Nakheel Logo.jpg | |
| Company type | Public (LSE: HSBA, SEHK: 5, NYSE: HBC, Euronext: HSBC, BSX: 1077223879) |
|---|---|
| Industry | Real Estate |
| Founded | Dubai (1990) |
| Headquarters | , United Arab Emirates |
Area served | 87 Countries |
Key people | Sheikh Sultan Ahmed Bin Sulayem (Executive Chairman), Maurice Flanagan Chris O'Donnell (Chief Executive Officer ) |
| Products | Real Estate |
| Revenue |  $70.1 billion USD (2006) |
| $54.8 billion USD (2006) | |
| $15.8 billion USD (2006) | |
Number of employees | 56,000 |
Nakheel Properties (Template:Lang-ar palm trees) is a real estate developer in Dubai and creator of several land reclamation projects, including the Palm Islands, the Dubai Waterfront, and The World. Its residential projects include Jebel Ali Gardens, International City, Jumeirah Islands and Jumeirah Lake Towers. Its shopping projects include the Dragon Mart (At International City) and Ibn Battuta Mall. Its main competitor in residential development in Dubai is Emaar Properties.
With projects worth $25b and more to come, Nakheel are behind developments that will no doubt go down in history as sheer magnitude and grandeur like The Palm to dream like residences that redefine community living such as Jumeirah Islands. Nakheel endeavors to deliver unique concepts, which bond harmoniously with nature and deliver a lifestyle that offers an atmosphere of elegance, novelty and efficiency. Home: Property Developers: Al Nakheel Properties
Al Nakheel Properties, which is also known as Nakheel Corporation, is the most popular real estate company dealing in freehold property in Dubai, United Arab Emirates [UAE]. Its real estate development ranges into residential, tourist, commercial and retail property.
Nakheel Properties' flagship property are the 3 man-made palm tree shaped islands on the coast of Dubai. Nakheel operates under the umbrella of The Corporate Office, which manages various businesses on behalf of the Dubai government. The executive chairman of Al Nakheel is Mr. Sultan Ahmed bin Sulayem.
Al Nakheel Properties' portfolio of real estate include the Palm Islands (Palm Jumeirah, Palm Jebel Ali, Palm Deira), The World Islands, Dubai Waterfront, The Gardens, Jumeirah Lake Towers, Discovery Gardens, Lost City, Jumeirah Islands, Jumeirah Village, The International City, Jewel of the Palm, The Palm Golden Mile, Palm Trump International Hotel and Tower, and Ibn Battuta Mall.
Overview
As Dubai is premier development company, Nakheel has changed the very texture of the city with landmarks of ingenuity, distinctive residential communities, unique retail offerings and unprecedented investment opportunities. With groundbreaking research and thought leadership, Nakheel's focus is on building icons that embody innovation and progress, creating a legacy of value for generations to come.
With more than 1200 employees, Nakheel currently has 16 major projects worth more than US$30 billion under development. Nakheel’s portfolio includes the iconic and internationally acclaimed waterfront developments The Palm, The World and Dubai Waterfront. Once complete, Nakheel’s developments will add more than 1,000 km of beachfront to the Dubai coastline, and all its projects spread across more than 2 billion sq ft.
Divisions
Nakheel Retail
A retail property division, Nakheel Retail provides planning, development and management services to the Dubai World group of companies. Nakheel Retail operates under the Nakheel name in order to capitalise on the property development company’s experience and expertise in the residential sector and to maximise the retail opportunities within its residential developments.
Projects currently being developed by Nakheel Retail include a significant retail development on The Palm Jumeirah, the roll out of local neighbourhood convenience malls within Nakheel’s numerous residential developments, and further large scale regional malls to support the future The Palm Jebel Ali, Dubai Waterfront, and The Palm Deira projects.
The retail property business will oversee the management of the group’s premier shopping centre, the 140,000 square metre Ibn Battuta Mall, and will continue to review expansion opportunities for the popular mall. Nakheel Retail will also oversee the development of the Dubai Design Centre, planned as the region’s largest shopping destination for home furnishings, appliances, DIY products and designer homewares.
Nakheel Asset Management
A customer focused division, Nakheel Asset Management exists to manage the operations,
infrastructure and community facilities on behalf of the people who own and live in Nakheel communities.
NAM facilitates the transition handover process and provides a continuous quality community management service to owners and residents of these communities. The many faces of NAM include a leasing department, an infrastructure and facilities management team, community management staff and a dedicated owners’ association management department.
NAM managed communities currently include The Palm Jumeirah, Jumeirah Islands, The Gardens and International City. In the near future, NAM will also take on the management of Discovery Gardens. A rapidly growing division of Nakheel, by the end of 2007 NAM will manage communities comprising over 63,000 apartments, townhouses and villas, home to over 300,000 residents, the latter is set to grow to in excess of 2 million residents upon the completion of Nakheel’s current construction program.
Nakheel Travel
Originally established in 2003 as the in-house travel service company for the Ports Customs & FreeZone Corporation, Nakheel Travel has leveraged the success of Dubai’s emergence as a world- class tourism destination and is now a fully accredited travel agency and a one-stop shop for the travel needs of the public, offering airline tickets, hotels, car rentals, holiday packages, cruises and travel insurance.
Nakheel Travel offers special packages and also caters to the needs of high value clients, providing personalised service from a professional team of multi-cultural and multi-lingual staff who pride themselves on the quality of service. The staff combines their excellent local and international knowledge with a broad global perspective in order to tailor each package to individual needs. A variety of special packages also ensure that Nakheel Travel features some of the most competitive offerings in the market.
The Head Office of Nakheel Travel is located on Sheikh Zayed Road, with 3 additional branches located in JAFZA, the Customs Building in Port Rashid and The Palm Sales Office.
Developments
Arabian Canal
Arabian Canal will transform Dubai, bringing water to the desert and turning barren areas into prosperous communities, districts and neighbourhoods. A massive engineering marvel, Arabian Canal will become a premier amenity in Dubai and change the way Dubai is lived, experienced and enjoyed.
Discovery Gardens
Inspired by garden living, Discovery Gardens is an exceptional residential community located in the Jebel Ali. Consisting of 26 million square feet and more than 26,000 spacious apartments of various sizes, Discovery Gardens is also located next to Nakheel's Ibn Battuta Mall, a retail and entertainment destination.
Dubai Waterfront
Located in Jebel Ali, Dubai Waterfront is the largest waterfront development in the world. A mix of residential, business, tourism, entertainment and culture, this 1 billion square foot destination is the result of an international consortium of architects, planners and urban developers, all coming together to shape an unparalleled investment opportunity, and the next generation destination.
The Gardens
A family-oriented residential community located next to Jebel Ali Village, The Gardens is spread over 220 hectares. The first phase was completed in 2003 and is home to 10,000 residents. Set within lush green surroundings, The Gardens is designed for a lifestyle of convenience and functionality: with a football field, tennis courts, swimming pools, basketball courts and volleyball courts, a clinic, a school, 24 hour 'on-call' centre maintenance and security patrols, and Ibn Battuta Mall a mere walk away.
Ibn Battuta Mall
Ibn Battuta Mall is a shopping destination unlike any other. It is themed around the travels of renowned 14th century Arabian explorer, Ibn Battuta. The architecture within the mall's six courts reflects the most influential places Ibn Battuta traveled during his time, providing mall visitors an invaluable glimpse into the past. This tremendous experience is unique to all visitors and has already featured many exciting events ranging from festivals and exhibitions to special offers and shows for all ages.
Dragon Mart Complex
Located within International City, another world-class Nakheel development, Dragon Mart is considered the largest trading hub for Sino products outside mainland China. It is spread over an area of 150,000 square meters in addition to 30,000 square meters of warehouses. For the first time in the region, the development offers customers from the Middle East a wide range of Chinese goods and commodities, both wholesale and retail, all under one roof.
Dubai Design Centre
The Dubai Design Centre is an exclusive mega-centre for traders and retailers offering a complete range of home furnishing, design, gardening and construction solutions. Helping meet the demands of Dubai's growing population, and serving clients purchasing properties in the Emirate and beyond, Dubai Design Centre will spread over an area of 12 million square feet.
Jumeirah Islands
Nakheel brings a waterfront community to the heart of the desert with Jumeirah Islands, a 300 hectare residential development created with families in mind. Here, an array of home types are surrounded by lush landscaping, winding canals, dynamic waterfalls and lagoons, all located in Dubai's most prestigious district.
Jumeirah Village
Set amidst luscious landscaping and unsurpassed leisure and lifestyle amenities, Jumeirah Village encompasses more than 6,000 spaciously constructed villas and townhouses and will include international schools, town and country clubs, a community centre, jogging and cycling trails, sports and leisure facilities, medical facilities, and around the clock security - all providing peace of mind and a real sense of community.
Jumeirah Park
Located at the heart of Dubai's most desirable residential district, Jumeirah Park is a secure, integrated and family orientated residential community spreading over 350 hectares. The community combines well crafted villas with the richness of expansive parks, eco-friendly green spaces and family orientated amenities.
The Lost City
The Lost City is a residential development inspired by famed cities in Arabian history, and combines this with the best of modern amenities. The development will be located in a 560 hectare area in Jebel Ali, at the intersection of the Ibn Battuta Interchange Road and Emirates Road, lying adjacent to Nakheel's other signature developments, Ibn Battuta Shopping Mall and Discovery Gardens.
The Palm Jumeirah
Launched in 2001, The Palm, Jumeirah is the project that started it all. A man-made island in the shape of a cultural icon, the extraordinary Palm, Jumeirah increased Dubai's shoreline by 100%, and created a destination of world-class hotels, unprecedented retail, an array of home types and exceptional leisure and entertainment, all anchored by The Palm Trump International Hotel and Tower.
The Palm Jebel Ali
The second island in The Palm family, The Palm, Jebel Ali was created with a vision of becoming an unparalleled getaway for residents and visitors alike, with an array of luxury hotels, water homes built on stilts that spell a poem written by His Highness Sheikh Mohammed bin Rashid al Maktoum, beachside villas, shoreline apartments, dive sites and a variety of entertainment and leisure activities.
The Palm Deira
The final chapter in The Palm trilogy, The Palm, Deira was launched in November 2004, and will offer an array of exciting investment opportunities on the Trunk and the Corniche. It will further enhance the value of Deira by unlocking access to waterfront communities that will be developed on this iconic man-made island.
The World
300 islands in the shape of the continents located off the coast of Dubai, The World offers imaginative investors an unprecedented investment opportunity in the form of leisure, residential or tourist developments. Adding over 232 kilometers of new beachfront to Dubai's coastline, The World offers islands ranging from 150,000 square feet to 450,000 square feet in size, and will be accessible by marine or air transport, with world-class marinas servicing the development.
Partners
The Trump Organization
Donald J. Trump established The Trump Organization in 1980 as the umbrella organization for all of his real estate developments and other corporate affiliates. In 2004, The Trump Organization was ranked as the largest privately held company in New York, and has 22,000 employees. Nakheel, LLC, and The Trump Organization have entered into an exclusive joint venture to develop extensive real estate offerings throughout the Middle East. The Trump Organization's agreement with Nakheel includes exclusive rights for 19 countries in the Middle East region and 17 major brands. The company will be investing substantial sums directly in the projects, and will have sales, marketing and management responsibility for each real estate development, including The Trump Touch concierge services to the UAE.
Nakheel and The Trump Organization’s first offering together is The Trump International Hotel & Tower and The Palm Jumeirah.
IFA Hotels & Resorts
International Financial Advisors Co. K.S.C. is a leading investment company established in 1974 and publicly trades on the Kuwait Stock Exchange. In 2002 International Financial Advisors expanded its activities and formed a consortium of several leading investors and companies, which includes the second largest real estate company in the Gulf state — Kuwait Real Estate Co. (KREC), a publicly listed company established in 1986, and United Investments Portugal (UIP), established in 1985. IFA Hotels & Resorts is a subsidiary of the Kuwait-based International Financial Advisors Company (IFA), with expanding tourism interests spanning Europe, the Middle East, the Indian Ocean and Africa.
Nakheel and IFA have introduced The Golden Mile on The Palm Jumeirah.
Kerzner International
Kerzner International Limited is a leading international developer and operator of premier resorts and luxury hotels. The flagship destination is Atlantis, a 2,317-room, ocean-themed resort located on Paradise Island, The Bahamas. In its luxury resort hotel business, the company operates luxury resorts primarily under the One&Only brand. These properties, featuring some of the top rated resorts in the world, include One&Only Le Saint Geran and One&Only Le Touessrok in Mauritius, One&Only Kanuhura in the Maldives, One&Only Ocean Club in The Bahamas, One&Only Palmilla in Mexico and the One&Only Royal Mirage in Dubai, which the company manages. Nakheel and Kerzner International Limited announced that the companies have formed a joint venture to develop Atlantis, The Palm, which will ultimately include a 2,000-room resort and water theme park. It will be located at the top of The Palm's crescent, and the 68-acre water park will be the largest in the region, with a capacity for 7,000 visitors-a-day.
Island Global Yachting
Island Global Yachting (IGY) is a leading developer and manager of luxury mega-yacht marina facilities in first-class yachting locations worldwide. IGY’s team of marina and development personnel have designed, developed and operated marina projects in twenty-five countries across four continents. Island Global Yachting and Nakheel have formed an exclusive partnership whereby IGY will provide comprehensive design, development and management consultancy services to all of Nakheel’s visionary marina developments in Dubai.
Oqyana
Oqyana-World First comprises 19 reclaimed man-made islands extended over a total area of 1,869,021 sq m with a total upland island area of 417,288 sq m. Located within The World, it is a luxurious community, lying closest to the mainland with the best views of Dubai.
Oqyana-World First will provide a chic ocean lifestyle through a mixture of luxury apartments with panoramic ocean and harbour vistas, secluded water homes linked to islands via water bridges, exquisite canal homes and beachfront villas and mansions.
Taj Luxury Hotels
A part of the Tata Group of companies, India's premier business house, Taj Hotels Resorts and Palaces comprises 57 hotels in 40 locations across India with an additional 18 international hotels in the Maldives, Mauritius, Malaysia, Seychelles, Australia, UK, USA, Bhutan, Sri Lanka, Africa, and the Middle East. Over the years, Taj has won international acclaim for its quality hotels and its excellence in dining, business facilities, interiors, and world-class, personalised service. In India, Taj is recognized as the premier hospitality provider, spanning the length and breadth of the country, and gracing important industrial towns and cities, beautiful beaches, historical and pilgrim centres, and wildlife destinations.
An innovator in dining, Taj was the first to introduce Sichuan, Thai, Italian, Mexican, and Californian cuisine into the country. In 1972, it was the first to open a 24-hour coffee shop in India at Taj Mahal Palace & Tower, Mumbai. Today, each restaurant is reflective of that tradition, setting benchmarks for an outstanding culinary experience. Nakheel is proud to feature Taj on The Palm, Jumeirah, a partnership that will play a key role in Dubai’s world-class tourism offer, with the Taj Exotica Resort and Spa in The Grandeur Residences.
The Fairmont
Fairmont Hotels & Resorts is the largest luxury hotel company in North America, with a worldwide reputation for accommodation excellence. Fairmont’s diverse portfolio includes historic icons, elegant resorts and modern city centre properties. From San Francisco Bay, the beaches of Monaco, the heart of London to the Canadian Rockies and beyond, each hotel offers an unrivalled presence that is uniquely “Fairmont.”
The Fairmont Palm Residence is a proud addition to The Palm Jumeirah.
Mövenpick
Mövenpick is a multinational group of companies with Swiss roots. The Mövenpick Group places its strategic focus on the hospitality business comprising gastronomy, hotels and wine. The group is organised as a holding company with the four operationally independent operating units Mövenpick Restaurants, Marché International, Hotels & Resorts and Wine. Its activities are centred primarily on Central Europe and the Middle East. The business was founded in 1948 by Ueli Prager, the son of a Swiss hotelier. Today the Mövenpick Group employs roughly 13,600 people worldwide. The Mövenpick-Holding shares are traded at the SWX Swiss Exchange in Zurich.
The Möevenpick Resort Oceana Palm Jumeirah will be launching in 2007.
Kempinski
Founded in Germany over a hundred years ago, Kempinski Hotels has long reflected the finest traditions of European hospitality. Located in many of the world's most well known cities and resorts, the Kempinski collection includes hotels in the grand manner, pace-setting modern establishments and older hotels of individual charm. All blend gracefully into their surroundings and offer luxurious accommodation, superb cuisine and unrivalled facilities — complemented by impeccable service. In addition to operating many of the finest city hotels in the world, Kempinski is a name that can now be found in many exciting resort locations, each combining local flair and ambience with the international standards of service and luxury that Kempinski guests have come to expect. Kempinksi is launching the Kempinksi Jumeirah Residence and Hotel Emerald Palace Dubai on The Palm Jumeirah.
Jumeirah Hotel Operators
The Dubai based luxury international hospitality group encompasses the world renowned Burj Al Arab, the world’s most luxurious hotel, the multi-award winning Jumeirah Beach Hotel, Jumeirah Emirates Towers, Jumeirah Beach Club Resort and Spa, Madinat Jumeirah and Jumeirah Bab Al Shams Desert Resort & Spa.
The group's activities are however, not restricted to hotel and resort management. The Jumeirah Group portfolio also includes Wild Wadi, regarded as one of the premier water parks outside of North America and The Emirates Academy of Hospitality Management, the region's only third level academic institution specializing in the hospitality and tourism sectors. Jumeirah has also expanded internationally and manages the Jumeirah Carlton Tower Jumeirah Lowndes Hotel in London’s Belgravia, and in 2006 assumed management of the Essex House, one of New York’s most prominent hotels.
Jumeirah will be initially be operating and managing two Nakheel Hotels & Resorts hotels on The Palm Jumeirah: The Trump International Hotel & Tower, and Jumeirah Shoreline Hotel & Yacht Club.
External links
- Official Website
- Al Nakheel Properties - Profile and news.
- Simsari.com- A joint venture between Nakheel, Tejari and Tamweel.
- Forsa
- International City Owners Group Forum - Created by buyers in the Nakheel development
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