Nakheel is a Dubai-based developer with a global reputation that has been leading the general development of the city for almost 20 years, covering an area of 150 sq. km. The company has built a number of artificial islands in the emirate, including the legendary Palm Jumeirah, as well as dozens of elite residential communities, shopping and entertainment centres, and hotels.
Nakheel (which means "palm tree" in Arabic) is a developer based in Dubai and is one of the world's leading developers. The company was founded in 2003 and has made a significant contribution to the creation of the modern appearance of the emirate.
Since the end of 2020, Naaman Atallah has been the CEO of Nakheel, who has 25 years of experience in the real estate sector in the Middle East and India (he has held key management positions at Dubai Properties, Emaar, Qatari Diar and Piramal Realty). Previously, Ali Rashid Lootah held this position for 10 years. With 30 years of experience in the federal government, he was invited by His Highness Sheikh Ahmed bin Saeed Al Maktoum in February 2020 to be a member of the Board of Directors of the UAE State Investment Company Dubai World.
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Nakheel builds residential communities with world-class amenities, offering real estate both to purchase and to rent.
Nad Al Sheba Villas community is very popular among byers. Real estate in this community can only be purchased by citizens of the UAE and Persian Gulf countries, but rental properties are available to representatives from all countries. This is a closed community that offers villas with 4 and 5 bedrooms in Mediterranean and Moroccan style designs. Among the common amenities for residents are a 5-kilometer bicycle track and running track, as well as the currently under-construction Nad Al Sheba Mall, which will house 200 retail outlets, restaurants, a multi-screen cinema, a medical clinic, and a fitness centre.
A wide selection of studios and 1-3 bedroom apartments are available in the new complex of The Palm Tower Residences.
This 52-storey tower is located on Palm Jumeirah Island, with the first 18 floors occupied by the 5-star St. Regis Dubai The Palm Hotel. There are 290 hotel rooms and the 19th-47th floors housing 432 luxurious private residences. All residences come fully furnished, and prices for 1-bedroom apartments start from AED 1,550,000 (USD 422,000). Residents have access to a wide range of facilities, including children's playgrounds, tennis courts, barbecue areas, a spa centre, a medical clinic, a beauty salon, as well as dry cleaning and laundry services. The 50th floor of the tower features one of the largest infinity swimming pools in the world, called AURA Skypool, and on the 52nd floor, there is a restaurant from the world-famous brand SUSHISAMBA.
Apartments, duplexes, villas
93 - 1,069 m²
Apartments, duplexes, penthouses
415 - 2 039 m2
In early 2022, the developer launched a new project called Tilal Al Furjan, which is a gated community that will include 220 premium villas with 4 and 5 bedrooms. One of the project's features is its focus on environmental sustainability, including solar water heaters and charging stations for electric cars. The project includes amenities for residents such as swimming pools, bike paths, children's playgrounds, and sports courts. Prices for villas in Tilal Al Furjan start at AED 2,900,000 (USD 789,600), and the villas are scheduled to be completed by the end of 2024.
The Tilal Al Furjan complex was launched in response to increased demand for real estate in another Nakheel project that started in 2021 called Murooj Al Furjan. Construction of this community is also planned to be completed in 2024, and is located just a 15-minute walk from Al Furjan Metro Station 1. Murooj Al Furjan consists of 620 elite residences, including townhouses with 3 and 4 bedrooms, and villas with 3-5 bedrooms, with prices starting from AED 1,700,000 (USD 462,900).
First and foremost, Nakheel is known as the master developer of the Palm Jumeirah island, which has become one of the most iconic symbols of Dubai and the UAE as a whole. In addition, the company has created several other landmarks in the emirate.
One of them is the observation deck called The View, which started operating in the spring of 2021 on Palm Jumeirah. From here, visitors can enjoy panoramic views of the island, the Persian Gulf, and the Dubai skyline. The View is located at a height of 240 meters on the 52nd floor of the new Palm Tower skyscraper, which is the tallest building on the palm island. The platform can accommodate up to 300 visitors at the same time. At the entrance to the attraction, you can see The View Exhibition and an immersive theater performance that introduces guests to the history of the island's creation. In February 2022, the new VIP level of The View at The Palm was opened, which is located at a height of 250 meters.
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