Tag Archives | Nakheel

Shoreline Building Palm Jumeirah

Residents evacuate Palm Jumeirah as apartments get flooded

Residents of Dubai pay an arm and leg to have an accommodation in Palm Jumeirah. However, it seems that even Deira is better place to live when it comes to maintenance and administration. Sometime back there was a water crisis in Palm Jumeirah and residents had to bath at the sea and in the malls. […]

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discovery gardens flooding

Nakheel is to blame for flooding in Discovery Gardens

Developer Nakheel is looking for ways to prevent a repeat of last month’s chaotic scenes when a burst pipe caused millions of gallons of water to flood streets and submerge cars in Discovery Gardens. According to Gulf News, Nakheel is working with Dubai Electricity and Water Authority (Dewa) and other bodies to try to find […]

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Discovery Gardens Dubai

Discovery Gardens filled with Sewage Stench

Discovery Gardens is filled with sewage stench, making lives of residents as miserable as possible. The complaints are mainly from residents in the Contemporary area along Street 5, but others areas are also reportedly affected. Residents said the stench started roughly 10 to 15 days ago and follows similar complaints last summer. Garden sprinklers spraying […]

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Kele Contracting

Kele Contracting making a 3 star hotel near Dragon Mart

Kele Contracting has announced that it is building a hotel next to Nakheel’s Dragon Mart complex in Dubai. The hotel is part of the 177,000 sq m Dragon Mart Phase 2 development. Arabian Business quotes Andrew Elias, CEO of Kele Contracting, “We are very pleased to be awarded the contract to construct the Dragon Mart […]

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International City

International City rents drop below Dhs 15,000

Rents in the International City area of Dubai have slipped below AED15,000 a year for the first time, as prices in Dubai’s battered property market continue to fall. Several studios in the Nakheel development are available for as little as AED14,000 a year, although most landlords require potential tenants to pay the full amount in […]

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Nakheel to split from Dubai World by June

Nakheel to split from Dubai World by June

Nakheel will be carved out of parent company Dubai World and become a government-owned entity by June, when its efforts to restructure $10.8bn in debt will be complete. The indebted developer was at the heart of the debt problems suffered by its parent company Dubai World, which roiled global markets in November 2009 when it […]

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No water at Nakheel run Discovery Gardens buildings

No water at Nakheel run Discovery Gardens buildings

The curse of “managed” properties reappeared as water has been disconnected to some buildings in Nakheel-run Discovery Gardens due to non-payment of Dewa bills. Emirates 24|7 quote the residents: “We have had no water for three days now. We called the Nakheel call centre and were told the [Nakheel] management was working to solve the […]

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The World by Nakheel

The World is washing away?

The World is washing away. No, its not about philosophy or the Great Picture. As recent report states that The World, a constellation of 300 man-made islands shaped like a map of the world, is washing away due to erosion and lack of development. The CEO of Kleindienst Group, the developer behind the six-island Heart […]

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International City Sewage

International City flooded in Sewage Water

Water coming out of a manhole with cables running underneath is causing concern among residents and office-goers at a building in International City.

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nakheel

Nakheel gets state cash to pay off debts

Troubled property developer Nakheel has said that it would repay its $750m Islamic bond that matures next month, following funds being made available by Government of Dubai. The company said in a statement to emirate’s bourse that sufficient funds has been made available by the Dubai Financial Support Fund for repayment of the Islamic bond […]

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