Master developer Nakheel hosted the Korea Financial Investment Association, which is visiting Dubai to assess investment opportunities in the emirate.
Nakheel signed a contract worth AED66 million (USD18 million) for a choreographed fountain at The Pointe, its new, AED800 million (USD218 million) waterfront dining and entertainment destination on Dubai’s Palm Jumeirah.
Dubai-based property developer, Nakheel, and Al Nasr Cultural & Sports Club, are joining forces to create an AED300 million (USD81.6 million) mall in Dubai’s Al Khawaneej district.
Nakheel and Thai hotel group Centara Hotels and Resorts have reached a key milestone on their 600-room beachfront resort and waterpark at Dubai’s Deira Islands, with the official formation of the joint venture company and the signing of a management agreement.
In the first half of the year (H1), Nakheel recorded a net profit of AED2.64 billion (USD718.77 million), a decline compared to the AED2.95 billion (USD803.18 million) achieved in H1 2016.
Nakheel has signed a construction contract worth approximately AED1.5 billion for The Palm Gateway, a three-tower property at the foot of Palm Jumeirah, with Shapoorji Pallonji Mideast appointed to carry out the work.
Nakheel and Centara Hotels & Resorts have announced a joint venture agreement to develop a water park beachfront resort at Dubai’s Deira Islands, scheduled for soft opening in 2019.
Aiming to expand its portfolio at Jumeirah Islands, Nakheel, one of Dubai’s largest developers, has recently opened a waterfront retail pavilion in the heart of Dubai.
In an investment worth AED150 million (USD40.84 million), Nakheel is to create 105km of cycle paths across Dubai, under the initiative The Nakheel Communities Cycling Masterplan.