LEADERSHIP SHOWCASE
NAKHEEL WAS INCORPORATED by the Dubai Government of Dubai in 2001 , tasked with establishing and developing the real estate sector in the United Arab Emirates . Seventeen years later , and it ’ s hard to avoid this property development giant ’ s construction projects , large in both number and size . Ali Rashid Ahmed Lootah , Chairman of Nakheel , offers an exclusive insight on this everexpanding construction giant .
Please could you tell me a little about Nakheel and its ethos .
Lootah : Nakheel is a world-leading master developer and a key player in realising the vision of Dubai for the 21 st century : creating a world class destination for living , business and tourism . Nakheel was incorporated by the Government of Dubai in 2001 to establish and develop the real estate sector in Dubai , the UAE .
The now globally-famous Palm Jumeirah , a unique engineering and architectural marvel , was the launchpad for many more real estate projects that have set new standards in engineering design and creativity . Nakheel continues to deliver iconic projects including master communities , individual developments and has diversified its assets base across the residential , retail , hospitality and leisure sectors in line with the Government of Dubai ’ s vision and the business strategy adopted by Nakheel .
The list of future and past developments is certainly extensive …
Nakheel ’ s master developments include Palm Jumeirah , The World , Deira Islands , Jumeirah Islands , Jumeirah Village , Jumeirah Park , Jumeirah Heights , The Gardens , Discovery Gardens , Al Furjan , Warsan Village , Dragon City , International City , Jebel Ali Gardens and Nad Al Sheba Community , and together these span well over 15,000 hectares and provide homes for 270,000 people .
I see you also have a number of different divisions representing various types of developments …
Residential real estate development remains our core business , but Nakheel is diversifying in a significant way . The company has hospitality , retail and leasing businesses , all of which are growing rapidly and playing a key role in
12 April 2018