Mohammed Ibrahim Al-Shaibani has taken over as chairman of Nakheel following the resignation of Ali Rashid Lootah. Nakheel is a Dubai-based property developer, responsible, among a number of developments, for the construction of Palm Jumeirah.

Opening its doors at Nakheel Mall located on Palm Jumeirah, the word ‘depachika’ is a combination of the Japanese word ‘depa’ – meaning department store – with the Japanese word ‘chika’ - meaning basement.

This Christmas season, Palm Jumeirah will be transformed into an enchanting world of wonder, with a glittering array of events, celebrations and activities at Nakheel Mall, the Pointe and Golden Mile Galleria until December 25th.

Nakheel Mall has been officially opened by Nakheel chairman, Ali Rashid Lootah. Easily accessible by road, rail or on foot, the mall has its own Palm Monorail station, with free monorail trips to the mall until the end of February.

Master developer Nakheel is adding another stunning, landmark attraction to Dubai’s recreation and leisure scene with the View at the Palm, a public observation deck towering 240 metres above the world-famous Palm Jumeirah.

Dang Thi Ngoc Thinh, vice president of Vietnam, and Ali Rashid Lootah, chairman of Nakheel, have held talks to explore a long-term collaboration for real estate development.