Nakheel celebrate development award

Nakheel, the UAE’s premier property developer, is celebrating being voted
the World’s Leading Tourism Property Development Company at the World Travel
Awards 2005.
The World Travel Awards was established more than a decade ago, and are
now recognised as the global travel industry’s Oscars. The World Travel
Awards 2005 took place at The Royal Opera House in London on Sunday 13th
November.  The awards are voted for by travel industry professionals worldwide,
and this year more than 175,000 people from 200 countries registered to
vote for the awards. Voting was up more than 10% on 2004; the criteria
for voters was choosing “the travel professionals choice.” Nakheel beat
off stiff competition from other nominees to gain the title of the World’s
Leading Tourism Property Development Company.

Sultan Ahmed bin Sulayem, Nakheel
Executive Chairman, said “This is a great
honour for both Nakheel and Dubai; to be recognised by industry professionals
as the world’s leading tourism property developer illustrates the positive
impact our iconic developments have made on a global stage. One only has
to look at the size of the event, and the calibre of the other award winners,
to appreciate how prestigious the World Travel Awards is.

“It rounds off what has been an excellent year for Nakheel with such highlights
as the launch of Dubai Waterfront and the sale of AED 13 billion worth
of land of the first phase, Madinat al Arab, within five days; the hugely
successful opening of Ibn Battuta Mall; and the announcement of our exclusive
partnership with The Trump Organization to develop 17 Trump brands in the
Middle East - starting with The Palm Trump International Hotel and Tower
on The Palm, Jumeirah.”

The spectacular award ceremony was attended by leading business people
and celebrities from throughout the world. Nakheel Executive Chairman,
Sultan Ahmed bin Sulayem headed a strong Nakheel presence at the award
ceremony, including James Wilson, Chief Executive Nakheel and Dubai Waterfront
Company and other Nakheel senior management; Manal Shaheen, General Manager
VIP Sales received the award itself on behalf of Sultan Ahmed bin Sulayem.
Nakheel also hosted a number of key partners and supporters at the event,
including Alan Leibman, President and Managing Director Kerzner International,
and Elaine Jones, Chief Executive Officer Asteco.  The entertainment at
the spectacular award ceremony was provided by the world’s most famous
circus, Cirque du Soleil.

Graham E. Cooke, President of the World Travel Awards, said “Dubai has
been one of the Middle East region’s great success stories in terms of
the growth of its tourist market; the number of visitors to Dubai has doubled
in the last five years with more than 5 million in 2004. A key factor in
this excellent growth has been Nakheel’s spectacular and iconic real estate
developments - which not only stand up as luxury property developments,
but tourist attractions in their own right. The extensive global coverage
they have gained has been a key factor in promoting Dubai on a world stage
- and this has been recognised by travel professionals at the World Travel
Awards. Nakheel is a more than worthy winner of the World’s Leading Tourism
Development Company.”
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