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Nakheel is an industry leader in real estate development. The property development represents some of the most recognisable lifestyle, leisure, and retail areas in the world. Their constructions have become a recognisable feature of Dubai’s landscape.
Nakheel Properties is a real estate developer with a base in Dubai, United Arab Emirates. Nakheel PJSC (private joint stock company) is the official name of the organization, which is a subsidiary of Dubai World and a privately held state-owned business. Nakheel was regarded as essential to resolving Dubai’s debt crisis in 2009–2010. After Emaar Properties, the organization is reportedly Dubai’s second-largest property developer.
The developer is a government entity, and Sheikh Ahmed bin Said Al Maktoum, a member of the UAE royal family, serves as the executive director. According to Nakheel, their goal is to build premium properties that are welcoming for a variety of uses, including life, business, and tourism.
Nakheel aims to integrate cutting-edge design and construction with practical urban planning techniques. The developer claims that he puts people’s needs, comfort, and safety first. The asset management firm Nakheel Asset Management and Infrastructure (NAMI) is in charge of managing everything from pools to tunnels in Nakheel projects.
Nakheel’s master developments include The artificial archipelago Mir, the iconic Palm Jumeirah, Jebel Ali, and Deira. The residential communities including The Gardens, International City, Jumeirah Lake Towers (JLT), and Jumeirah Island all come under Nakheel’s properties in Dubai. Over 300,000 people currently live on these lands, which collectively cover more than 15,000 hectares. The enormous man-made Palm Jumeirah Island in Dubai is one of Nakheel’s most remarkable constructions. This man-made archipelago was an impressive effort to create; it extended Dubai’s shoreline by more than 300 kilometers.
In addition to the man-made island, Nakheel has a widening selection of opulent retail project developments. These include Dragon Mart, Dragon Mart 2, Ibn Battuta Mall, Golden Mile Galleria, as well as The Pointe, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and Nad Al Sheba Mall.
One of the best villa developments by Nakheel builders include Nad Al Sheba; a brand new villa community in Dubai. The development is located a 30-minute drive way from Expo 2020. There are a total of 1572 villas in the region, which is divided into 4 sub-communities, each with its own set of facilities and amenities. The Nad Al Sheba neighborhood is ideal for families because it boasts a wealth of elite schools, parks, and a tranquil setting away from a busy city. The ROI on villas in Nad Al Sheba is comparatively high. The ROI for four-bedroom villas is 3.3%, while the ROI for five-bedroom villas is a consistent 3.7%.
Nakheel has made significant contributions to the realization of Dubai’s vision for the 21st century, which is to construct a premier location for travel, business, and lifestyle. In Dubai, Nakheel is still delivering and improving a renowned portfolio of ground-breaking projects in the residential, retail, hospitality, and leisure industries.
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