Topic: Nakheel

Nakheel finalises deal to build new Dubai mall

Master developer Nakheel has awarded a contract worth AED595 million ($162 million) for the construction of Nad Al Sheba Mall, a new 1.4 million square foot shopping, dining and entertainment destination. According to Arabian Business, Nakheel said it has appointed Metac General Contracting Company … More

Nakheel awards four contracts worth $117m for Deira Islands

UAE-based developer Nakheel has awarded four contracts collectively worth more than $117m (AED430m) for its 15.3 square kilometre Deira Islands waterfront development, Construction Week reported. The contracts, covering islands A and B of the four-island project, are for a sewage treatment plant, a … More

UAE’s Nakheel records $719m net profit in H1 2017

UAE-headquartered developer, Nakheel, has released its financial results for the first half of 2017, reported Construction Week. In a statement, the company said that it finished the first six months of the year with a net profit of $718.76m (AED2.64bn). Though recent figures … More

Dubai creates bridge forest for Palm Jumeirah

Dubai will undergo a ‘beautification’ process that will see public art installations launch across the city — the first of which is a forest under the bridge that leads to the East Crescent on Palm Jumeirah — as part of a memorandum of understanding … More

Avani and Nakheel cancel Deira Island hotel

The Avani Deira Islands resort will not go ahead as previously announced by the group, reports Hotelier Middle East. Minor Hotel Group was initially supposed to debut its Avani branded hotel when it announced a JV partnership in 2015. The group had signed … More