Nakheel’s Palm Tower reaches 95% completion mark

The Palm Tower, Nakheel’s new 52-storey landmark development on Dubai’s Palm Jumeirah is now almost 95% complete, with all components due to...

Construction

Nakheel records $680 million net profit in H1 2018

Nakheel says its first half year results in 2018 were boosted by a strong performance from its non-development businesses including retail, leasing, hospitality...

Construction

Nakheel’s Ali Rashid Lootah lauds “impressive start” to 2018

Nakheel's chairman Ali Rashid Lootah has hailed an impressive start to 2018 after the master developer reported that it made a net...

Property

Dubai’s Nakheel says 2015 profit rose 19%

The Dubai-based developer Nakheel has announced a 19% increase in its net profit for the 2015 financial year. The developer of the...

Construction

Dubai’s Nakheel awards $223m Palm Tower contract to two Abu Dhabi builders

Dubai’s Nakheel Properties has awarded two Abu Dhabi-based builders a AED819 million ($223m) contract to construct The Palm Tower, the company announced.The contract will...