NAKHEEL

[I Know]

Increased deliveries boost Nakheel revenues by 112% to Dh3.1b


Dubai developer hands over 3,500 housing units during first half of 2012
Gulf News Report
Published: 15:23 July 30, 2012

Dubai: Increased delivery of properties, better cost and cash management have helped Dubai property developer Nakheel post a 36.5 per cent increase in its net profits to Dh767 million during the first half of the current year, compared to Dh562 million recorded in the corresponding period last year.

http://gulfnews.com/business/propert...3-1b-1.1055255

[I Know]

Qurashi to resume hunger strike if guilty of Nakheel charge

By Daniel Shane Tuesday, 31 July 2012 3:26 PM

Qurashi spent two-and-a-half years in a Dubai jail before successfully appealing two out of three counts of cheque fraud. He was released on bail last week, with the result of the third appeal expected later this week.

The new case filed against him by Nakheel is over another alleged bounced cheque in relation to the purchase of a plot of land on the firm’s Dubai Waterfront development

.

http://www.arabianbusiness.com/quras...ge-468052.html

[I Know]

Nakheel chairman Ali Rashid Lootah said the indebted Dubai developer is "not in a hurry" to pay AED5bn (US$1.36bn) due in creditor claims, and expects contractors to accept up to 80 percent less than what they are owed.

http://www.arabianbusiness.com/nakhe...ml?tab=Article

[Berliner01]

It reflects their attitude to business and why nobody in their right state of mind would ever work with them again without 100% upfront payment.

[I Know]

Nakheel said to sell Palm plot for $109m

http://www.arabianbusiness.com/nakhe...9m-469522.html

[I Know]

Executives inflicted Dh142m loss on Nakheel’s Water Front Project

http://gulfnews.com/news/gulf/uae/cr...ject-1.1061517

[I Know]

Great news

Nakheel repays $57m as part of debt deal

By Andy Sambidge Wednesday, 29 August 2012 6:41 PM

Dubai developer Nakheel said on Wednesday it has repaid AED211m ($57.4m) to lenders as part of its debt restructuring programme.

“The payments were due at the end of August 2012 in accordance with the restructuring commitments," the company said in a statement.

It added: “The timely discharge of the committed payments signals the successful execution of the restructured operations by Nakheel and cements the company’s commitments towards successfully implementing the agreed operating plan following the completion of one of the largest and most complex restructuring in the Middle East in August 2011.”

http://www.arabianbusiness.com/nakhe...al-471313.html

[Berliner01]

Seems like that was only the due interest payment. Would be great if they actually reduced their debts.

[Berliner01]

Of the 20 buildings on the Palm Shoreline, only four don’t belong to Nakheel. Some years ago, Vakson Real Estate bought one of these, building number 18, from Nakheel. The intention was to turn it into a hotel. The property crash put paid to that idea, and in January this year, Vakson decided to sell off the individual apartments.

They are, of course, exactly the same as all the Nakheel-owned buildings. The facilities are exactly the same. The same beach. The same pool. The same gym. The same gardens. The same size. The same colour. Same everything.

Well, except one thing. Anyone owning an apartment in the Vakson building pays AED12.50 per square foot in service charges. Anyone owning an apartment in most of the rest of the Nakheel-owned Shoreline pays anything between AED20 and AED24 per square foot.

http://www.arabianbusiness.com/servi...g--471438.html

[Parisian Girl]

Zawya Dow Jones | Published: 15:47 September 13, 2012

Dubai: Real-estate developer Nakheel has awarded a Dh105 million ($28.6 million) contract to Dutch company Van Oord International to carry out beach profiling work on Dubai’s man-made Palm Jumeirah island. Work will commence in the third week of September and be completed in seven months time, Nakheel said in an emailed statement on Thursday. 
According to Nakheel, Van Oord International will be “using prime quality sand on the eastern and the western edges of the Palm Jumeirah’s trunk... as well as handle the re-profiling of the water edge along (some of) the Palm Jumeirah island’s fronds.”

http://gulfnews.com/business/propert...work-1.1074359

[Burj Khalifa fan]

The beach belongs to Nakheel, it’s our beach,” the chairman of the government owned master developer, which is embroiled in an ongoing dispute with residents and tenants on the Palm Jumeirah over service charges, said in an interview this week.

to read the full article
http://ahmaddubaiblog.blogspot.com/

credit to Arabianbusiness

[Berliner01]

I wouldn't have expected any other statement from Nakheel.

[nagshah]

Is it true that Nakheel is selling new villas at Jumeirah Park? They cancelled mine and still no swap as they said there is no inventory

[Parisian Girl]

Lucy Barnard | Oct 2, 2012


Ali Rashid Lootah, the chairman of Nakheel, says he has plans to grow the company once the market recovers. Sarah Dea / The National

Ali Rashid Lootah, the chairman of the Dubai developer Nakheel, hopes with this year's Cityscape in the emirate he is finally able to convince the property-buying public to put their trust back in his company.

http://www.thenational.ae/thenationa...-says-chairman

[unknownpleasures]

Nakheel features again in Cityscape 2012!!

And a few more regulars...

[Berliner01]

Nakheel 9-month profit nearly doubles

Dubai's property developer Nakheel said on Sunday that net profit for the first nine months of the year nearly doubled, helped by property handovers and growing business in its retail and leasing segment.
Net profit for the nine months ended September 30 was Dh1.1 billion ($299.5 million), up from Dh600 million in the year-ago period, Nakheel said in a statement sent by email. The company did not provide any quarterly numbers.
Revenue for the nine months rose to Dh4.5 billion from Dh2 billion in the prior-year period.

http://www.emirates247.com/business/...10-21-1.479789

[seagulls]

Hi, which plot On the trunk has been bought for 109m usd? Anyone know?

[Parisian Girl]

By Staff writer | Monday, 19 November 2012 12:04 PM

Indebted Dubai real estate firm Nakheel said on Monday it closed land sales worth AED419m (US$114m) relating to plots on its Palm Jumeirah and Jumeirah Village Circle developments.

http://www.arabianbusiness.com/indeb...es-480075.html

[Parisian Girl]

By Andy Sambidge | Monday, 10 December 2012 7:27 PM

Dubai developer Nakheel said on Monday it will award construction contracts for nearly 400 Legacy Villas at Jumeirah Park in early 2013.

http://www.arabianbusiness.com/nakhe...ts-482314.html

[Parisian Girl]

By Andy Sambidge | Wednesday, 12 December 2012 5:04 PM

Nakheel said on Wednesday that it sold more than AED55.4m ($15m) worth of villa plots at Jumeirah Islands, with all available plots snapped up in two hours.
The plots were sold at auction for higher-than-expected prices, hitting AED513 per square foot, the Dubai developer said in a statement.

http://www.arabianbusiness.com/nakhe...rs-482564.html