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1. Nakheel to build Kilometre High Tower and Inner City Harbour in Dubai
Nakheel to build Kilometre High Tower and Inner City Harbour in Dubai. Nakheel is building yet another extremely impressive building in Dubai, the Nakheel Harbour & Tower. At the core of the Nakheel Harbour & Tower development is a tower more than a kilometre high and an inner city harbour. The development will cover an area of more than 270 hectares and become home to more than 55
2. Nakheel Hotels acquires 50% stake in Mexican Resort
Nakheel Hotels acquires 50% stake in Mexican Resort. Dubai-based Nakheel Hotels is to acquire a 50% stake of Mexican resort, One&Only Palmilla in Los Cabos, based on a total enterprise value of US$315 million. Nakheel Hotels is acquiring its stake from certain funds affiliated with the Whitehall Street Real Estate Funds, a series of real estate opportunity funds sponsored and mana
3. Dubai World centralises Retail Activities under Nakheel banner
Dubai World centralises Retail Activities under Nakheel banner. Nakheel Retail will provide planning, development and management services to the Dubai World group of companies. Previously called Istithmar Retail, the division will now operate under the Nakheel name in order to capitalise on the property development company's experience and expertise in the residential sector and to
4. Nakheel's Palm Monorail to begin Live Testing in October
Nakheel's Palm Monorail to begin Live Testing in October. Nakheel is to begin live testing of the Palm Monorail this October. The Palm Monorail, which will transport thousands of visitors on the Palm Jumeirah each day, is one of the first monorail projects to be constructed in the Middle East. Nakheel has laid 100% of the 5.45km track, while the monorail vehicles, which are enginee
5. Oasis Group signs Purchase Agreement for Island D43 on Nakheel's The World
Oasis Group signs Purchase Agreement for Island D43 on Nakheel's The World. Oasis Group, a leading international real estate investment and development group of companies, has signed a Purchase Agreement with Nakheel for the purchase of Island D43, located close to the Eastern hub on Nakheel's The World project in Dubai. Oasis has indicated that Island D43 will include a world-clas
6. Shangri-La Signs LOI with Nakheel for New 290-Room Hotel in Dubai
Shangri-La Hotels and Resorts and Dubai-based real estate developer Nakheel have signed a letter of intent for Shangri-La to manage a 290-room hotel in The Palm Tower on Palm Jumeirah. The parties are expected to sign a comprehensive hotel management agreement for the property in the coming weeks. Construction of The Palm Tower, part of the new Nakheel Mall and Hotel complex at the
7. Nakheel and Bharat Hotels break ground on the Grand Fort Hotel
Nakheel and Bharat Hotels break ground on the Grand Fort Hotel. Nakheel has broken ground on its first joint-venture project with Bharat Hotels Limited Group. The five-star development, The Grand Fort Dubai, at Al Furjan, will be owned by Cavern Hotel and Resorts, a newly formed joint-venture company. The hotel will be architecturally inspired by the royal palaces and forts from th
8. Nakheel begins handover of first phase of Dubai Waterfront
Nakheel begins handover of first phase of Dubai Waterfront. The first phase is part of Madinat Al Arab, the planned urban downtown at the heart of Dubai Waterfront, a major waterfront city created by Nakheel on the western end of the coast of Dubai. The phase, consisting of more than 200 plots, over a number of different zones of land located on the beachfront near The Palm Jebel A

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