Nakheel News
Dubai government abandons Dubai World
The Government of Dubai has said it will not bail-out its subsidiary Dubai World, sparking fears that creditors to the hugely-indebted conglomerate could lose billions.
Abu Dhabi wards off Dubai meltdown
Global stock markets have breathed a sigh of relief after Abu Dhabi stepped in to prevent the financial collapse of its neighbour Dubai. The Central Bank of United Arab Emirates, based in Abu Dhabi, said it will support banks in the region to prevent a Lehman Brothers-style meltdown.
Middle East showing signs of recovery
The Middle East is well placed to bounce back from the current economic crisis, according to research from global travel management company HRG. HRG believes that the region’s large number of international flight connections and investments in both infrastructure and hotels means the market is in a good position to bounce back from the downturn.
Nakheel confirms QE2 in Cape Town for World Cup
Nakheel, the owner of the QE2, has confirmed the cruise liner will be moved to Cape Town in South Africa to become a hotel in time for the Fifa 2010 World Cup.
Nakheel opens Palm monorail
Nakheel has opened the Palm Monorail in Dubai. The monorail, which is now running four trains between the Gateway Towers and Atlantis stations, has a capacity of 2,400 passengers per hour per day.
Nakheel invests in Fontainebleau Miami
Fontainebleau Resorts has announced that Nakheel Hotels has invested $375 million in exchange for a 50% interest in the Company’s iconic Fontainebleau Miami Beach resort.
Nakheel unveils new map of Dubai
Nakheel has released a unique set of images showing the remarkable transformation of Dubai’s landscape and coastline.
Nakheel hands over Dubai Waterfront
Dubai Waterfront - the world’s largest waterfront development - has begun the handover of its first phase of development to investors.
Nakheel sells Ireland for $40m
Nakheel has sold the island of Ireland in its iconic “The World” project to an Irish business consortium.
Nakheel unveils Jumeirah Park
Nakheel has launched the fourth member of its Jumeirah family: Jumeriah Park.
