Nakheel Properties

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Nakheel
Type Privately owned corporation
Founded 1990
Headquarters Dubai, United Arab Emirates
Area served 87 countries
Key people Sultan Ahmed bin Sulayem (Executive Chairman), Chris O'Donnell (Chief Executive Officer )
Industry Real Estate
Products Real Estate
Revenue $70.1 billion USD (2006)
Operating income $54.8 billion USD (2006)
Net income $15.8 billion USD (2006)
Employees 2000

Nakheel (Arabic: نخيل‎ palms or palm trees) is a real estate developer in Dubai and creator of several land reclamation projects, including the Palm Islands, the Dubai Waterfront, and The World. Its residential projects include Jebel Ali Gardens, International City, Jumeirah Islands and Jumeirah Lake Towers. Its shopping projects include the Dragon Mart (At International City) and Ibn Battuta Mall. Its main competitor in residential development in Dubai is Emaar Properties.

Nakheel's flagship properties are the three man-made palm tree shaped islands on the coast of Dubai. Nakheel operates under the umbrella of Dubai World, which manages various businesses on behalf of the Dubai government. The executive chairman of Al Nakheel is Mr Sultan Ahmed bin Sulayem.

Nakheel's portfolio of real estate include the Palm Islands (Palm Jumeirah, Palm Jebel Ali, Palm Deira), The World Islands, Dubai Waterfront, The Gardens, Jumeirah Lake Towers, Discovery Gardens, Lost City, Jumeirah Islands, Jumeirah Village, The International City, Jewel of the Palm, The Palm Golden Mile, Palm Trump International Hotel and Tower, and Ibn Battuta Mall.

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Micellaneous

Discovery Gardens from the air on 1 May 2007

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