Tag: nakheel
Dh450m Parallel Roads project
Mattar Al Tayer, Chairman of the Board and Executive Director of the Roads and Transport Authority (RTA), announced the completion of 75 per cent of construction works in Phase III of the Parallel Roads Project at Jumeirah Lakes Towers (JLT), and expected all construction works in the project, which bears a price tag of Dh450 million, to be completed by the end of this year.
Nakheel sells out of retail space at new Dubai mall
Dubai developer Nakheel said on Wednesday that all retail space has now been leased out at its new Discovery Gardens mall which is due to open next year.
Burjuman and Danube join Dubai Metro Stations Naming Rights Project
The two entities have thus become integral parts of the development drive the RTA is seeking to realize on the ground through the Metro project, which has contributed immensely in transforming the concept of cooperation between partners to go beyond the traditional sponsorship and branding to a deeper level of holistic brand/business integration and partnership.
Dh600m expansion deal to enter the Dragon Mart
Nakheel has appointed contractors on the Dh600 million (US$163.3m) expansion of Dragon Mart in Dubai. The move comes as the Palm Island builder switches focus from residential to retail. The developer yesterday said it was awarding contracts to double the size of the sprawling mall famous for its huge range.
Nakheel awards Palm Mall deal worth Dh25 million
akheel awarded a contract yesterday to design a major new mall on the Palm Jumeirah in Dubai as it seeks to spend more than Dh1 billion (US$ 272.2 million) on an expansion into the retail sector.
Nakheel launches cruise around Palm Jumeirah
Property developer Nakheel has launched a new cruise service that will provide tours of its projects off the coast of Dubai, beginning with the Palm Jumeirah. The 'Cruise with Nakheel', which sets sail beginning today around the Palm Jumeirah's crescent, is aimed at repositioning the developer's as a tourist attraction as a way to boost revenue for the development.
Debt restructuring: 2011 the year that was…
Cooling firm Tabreed took its time working on a deal with its creditors to refinance the Dh5 billion dirhams it owed but finally completed its recapitalisation program on 1st April 2011. Tabreed has operations in Oman, Qatar, Saudi Arabia and the UAE and has worked on projects including Zayed Sports City, Yas Island and the Dubai Metro.
New timings announced for Dubai Metro
The metro will start at 1pm on Fridays – an hour earlier than the current 2pm start – until midnight and will run for an extra hour on Thursdays until midnight. The new timings will come into place on October 15 to coincide with the opening of five new Red Line stations: Nakheel, Jumeirah Lakes Towers, Sharaf DG, First Gulf Bank and Business Bay.
