Nakheel Properties PJSC is a prominent real estate development company based in Dubai, United Arab Emirates. Established in 2003 as a subsidiary of Dubai World, Nakheel has been instrumental in shaping Dubai's skyline with its innovative and iconic developments. The company is now a member of Dubai Holding, a global investment conglomerate. Nakheel's portfolio encompasses residential, retail, hospitality, and leisure projects, contributing significantly to Dubai's urban landscape.

Overview

Nakheel's developments span over 15,000 hectares, providing homes for more than 270,000 people. The company's master-planned communities, such as Palm Jumeirah and The World Islands, have become synonymous with luxury living and have attracted international attention. Nakheel continues to play a pivotal role in realizing Dubai's vision for the 21st century, focusing on creating sustainable and innovative urban environments.

Team of the Company

CEO: Naaman Atallah

Naaman Atallah was appointed as the Chief Executive Officer of Nakheel in November 2020. With over 25 years of experience in the real estate sector across the Middle East and India, Atallah has held key leadership positions at renowned companies such as Dubai Properties, Emaar, Qatari Diar, and Piramal Realty. He holds a bachelor's degree in Civil Engineering from the University of Texas and an MBA from Pepperdine University in California. Atallah's extensive experience and leadership are pivotal in steering Nakheel towards its strategic goals.

Chairman: HH Sheikh Ahmed bin Saeed Al Maktoum

HH Sheikh Ahmed bin Saeed Al Maktoum serves as the Chairman of Nakheel. He is also the Chairman of Dubai Holding and has been at the forefront of Dubai’s remarkable economic growth and development journey for over 38 years. In addition to his role at Nakheel, Sheikh Ahmed holds several influential government positions, including President of the Dubai Civil Aviation Authority and Chairman of Emirates Airline and Group.

Projects of the Company

Palm Jumeirah

Palm Jumeirah is one of Nakheel's most iconic developments, featuring a man-made island in the shape of a palm tree. It offers luxury villas, apartments, hotels, and resorts, along with a variety of dining and entertainment options. The project has significantly contributed to Dubai's tourism and real estate sectors.

The World Islands

The World Islands is an ambitious project comprising a series of artificial islands designed to replicate the world map. Each island represents a different country and offers exclusive residential and hospitality developments. Nakheel continues to develop and promote this unique project as a global destination.

Deira Islands

Deira Islands is a collection of four islands aimed at enhancing Dubai’s tourism and residential offerings. The project includes retail, hospitality, and residential components, contributing to the revitalization of the Deira area. Nakheel is actively developing this project to meet the growing demand for integrated urban communities.

Jumeirah Village & Jumeirah Park

These master-planned residential communities offer a balanced lifestyle with parks, schools, and retail spaces. They are designed to provide families with a comfortable and convenient living environment, reflecting Nakheel's commitment to creating sustainable communities.

Dragon City

Dragon City is a commercial, residential, and retail hub, known for its Chinese-style market and trade center. The development caters to both residents and businesses, offering a unique cultural and commercial experience.

Operating Model

Nakheel operates as a master developer, overseeing the planning, development, and management of its projects. The company adopts a vertically integrated approach, handling various aspects of development, including design, construction, and property management. This model allows Nakheel to maintain control over quality and ensure the timely delivery of its projects. Additionally, Nakheel offers flexible purchase options and installment plans to make property ownership more accessible to a diverse clientele.

Conclusion

Nakheel Properties PJSC stands as a testament to Dubai's ambitious vision and rapid development. Through its innovative projects and commitment to sustainability, Nakheel continues to shape the future of urban living in Dubai. The company's strategic leadership, under the guidance of HH Sheikh Ahmed bin Saeed Al Maktoum and CEO Naaman Atallah, ensures that Nakheel remains at the forefront of real estate development in the region