Nakheel, Emaar’s closest rival and currently the biggest property developer in the Dubai property market, has initiated some ambitious projects that the firm hopes to accomplish over the long term to help to sustain the current property boom. Nakheel started off with only a handful of projects but has taken on a number of freehold developments, striving to represent the best of what Dubai has to offer. These projects include the Palm Jebel Ali, the Palm Jumeirah, The Waterfront, The World and Jumeirah Islands. These are ambitious and challenging projects and represent unique freehold living ideas. All of these are either complete projects or are currently underway.
Nakheel gained worldwide attention with its announcement of the Palm Jumeirah, a manmade island located off the coast of Dubai. This project is near completion. Nakheel, following on the notoriety and attention that the Palm Jumeirah project created, next announced three other ambitious projects: the Palm Deira, the Palm Jebel Ali and the most exclusive World Islands, which is only available to particular buyers and selling for a few million dollars each. Nakheel has not limited itself to luxury properties, however. They also offer affordable freehold property that average Dubai residents can afford to buy, as well as holiday homes for visitors to invest in. Nakheel’s vision to provide properties for all aspects of the Dubai property market has shown Dubai property investors the standards and vision of Nakheel’s developments and offers an indication of what can be expected from future Nakheel projects such as The Waterfront and the Palm Jebel Ali once they are complete.
Nakheel is a developer that prides itself on providing many diverse properties and individual projects that are setting the standards for construction in Dubai. Nakheel, with its many ambitious projects already complete and exciting lineup of future projects awaiting completion, is showing itself to be yet another reliable developer with an outstanding reputation in the United Arab Emirates and Middle East whom investors can rely on.
Nakheel’s most notable project is the Palm Jumeirah. This exciting development offers investors the opportunity to reside on a manmade island complete with luxurious facilities and amenities. The Palm Jumeirah is truly a unique development not found anywhere else in the world. Some of the first residents have already moved in and several hotels are set for competition in this enormous project. Nakheel is not satisfied to rest on its laurels, howeve, and has also undertaken The World Islands located off the coat of Dubai as well as The Waterfront project that will be developed over the next decade. Smaller, but still very impressive projects, include Jumeirah Islands, located next to the Emirates Living Community, and International City for more modest budgets. With such a wide array of ambitious projects in the works, Nakheel will undoubtedly be the premier Dubai developer for many years into the future.