Nakheel Properties
Property development company in Dubai / From Wikipedia, the free encyclopedia
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Nakheel Properties (Arabic: نَـخٍـيْـل, romanized: nakhīl, lit. 'palm tree') is a real estate development company based in Dubai, United Arab Emirates.[3] The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise.[4][2]
Quick Facts Company type, Industry ...
Company type | Government owned |
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Industry | Real estate |
Founded | 2003; 21 years ago (2003) |
Headquarters | , |
Key people |
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Services | Property development |
Revenue | AED 5.67 billion[1] (2017) |
Owner | Government of Dubai |
Number of employees | 1,500[2] |
Subsidiaries | Jumeirah Village, Nakheel Marinas, International City, Canal District, Jumeirah Islands, Warsan, Dragon Mart Complex, The Gardens, Nakheel Asset Management, Palm Deira, Azure Residences, Veneto Residence, Badrah, Golden Mile |
Website | www.nakheel.com |
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Nakheel was seen as key to resolving Dubai's debt crisis in 2009–2010.[5] The company has been reported to be the second-largest property developer in Dubai after Emaar Properties.[6]