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Old August 16th, 2008, 10:22 AM   #61
Imre
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I have heard more workers were arested, and missing 1-2 billion usd only..
Managing Director in Paris and she doesnt come back to Dubai now

hopefully everything just gossip..

Last edited by Imre; August 16th, 2008 at 10:28 AM.
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Old August 16th, 2008, 10:25 AM   #62
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http://www.gulf-news.com/business/General/10237646.html

Not just gossip
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Old August 16th, 2008, 01:19 PM   #63
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Coud we change the thread title, it seemed dumb before, and now we are even further off track...

But how you can embezzel 3billion dhs from any company is beyond me.

Did no one think to look at the accounts at any point?
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Old August 16th, 2008, 04:22 PM   #64
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Quote:
Originally Posted by DUBAI View Post
Coud we change the thread title, it seemed dumb before, and now we are even further off track...

But how you can embezzel 3billion dhs from any company is beyond me.

Did no one think to look at the accounts at any point?
To sidetrack abit ....
I was told by my Iraqi colleague that the Arabic culture is such that they always have a huge initial trust on you, treat you as a family friend, and without questioning you.
But once you have lost that trust, it will be extremely hard to earn it back.
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Old August 16th, 2008, 04:38 PM   #65
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Old August 16th, 2008, 04:52 PM   #66
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Yeah, but unless your name is Al-Futtaim, running a family isnt quite like runing a multi billion dollar business.
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Old August 16th, 2008, 07:42 PM   #67
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Even the Al Futtaim brothers split in not so "good family" terms
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Old August 16th, 2008, 10:09 PM   #68
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from what Ive heard the issue was about taking commissions from investors, didn't hear about billions being stolen !
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Old August 16th, 2008, 10:20 PM   #69
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Quote:
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Even the Al Futtaim brothers split in not so "good family" terms
I was in Egypt recently and not far from the Hotel I was staying in (JW Marriott), Al Futtaim are building a new Festival City. Emaar and Damac are doing very large projects there too.
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Old August 17th, 2008, 07:35 PM   #70
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Quote:
Originally Posted by DUBAI View Post
Coud we change the thread title, it seemed dumb before, and now we are even further off track...

But how you can embezzel 3billion dhs from any company is beyond me.

Did no one think to look at the accounts at any point?
I suppose the analogy is the situation in Investment Banks where individual traders exceed their trading limits and bypass their compliance departments to single-handedly run up billions of dollars worth of trading deficits.
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Old September 8th, 2008, 08:04 PM   #71
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Dubai developer Nakheel reports threefold increase in sales

- Demand in the Arabian Gulf emirate set to outstrip supply until 2020


Dubai, 7 September, 2008 - Nakheel, a Dubai World company and one of the world’s largest and most innovative real estate developers, today announced that 2008 sales to date are showing a threefold increase on 2007’s full-year figures.

Nakheel’s portfolio, conservatively valued at US$80 billion, includes Dubai’s iconic coastal developments Palm Jumeirah, The World and Waterfront. Joint venture partners include US developer the Trump Organization, French hypermarket operator Auchan, and Mirvac, the Australian property developer. Hotel division, Nakheel Hotels, is the largest shareholder in Kerzner International, operator of the Atlantis and One&Only brands.

In the year to date, more than 6,100 Nakheel units in Dubai have been sold (97 per cent) or reserved (3 per cent), exceeding the developer’s own ambitious targets. Unit sales in 2008 comprised more than two thirds apartment sales (68 per cent), over a quarter villa sales (27 per cent) and five per cent land plot sales. These units were released in 13 staggered launches between 1 January and 31 August 2008. A further 2,650 units will be released in 11 additional sales launches scheduled for the final quarter of 2008.

Manal Shaheen, Director of Sales, Marketing and Customer Service at Nakheel, said:
“We are delighted but by no means surprised by this year’s phenomenal sales success. Demand for Nakheel’s Dubai properties continues to rise across residential and commercial sectors, and we see no signs of this demand abating. This year’s sales have even been immune to the usual summer dip in July and August, which indicates just how healthy the market is.

“If you compare the expansive vision of Dubai to the construction capacity constraint, which is currently around 80,000 dwellings per year, and if you believe that population growth will continue to rise by 6-7 per cent per annum - a conservative estimate, then by 2020 we will still not have enough residences to meet demand - even with the staggering amount of homes that Nakheel is delivering over the next two decades.”

Nakheel is providing 50 per cent of Dubai’s residential supply by building homes for three million people ranging from affordable housing to the ultimate in luxury living in order to meet the demands of Dubai’s growing population. The developer also plans to create 10 million sq ft of retail space through plans announced by Nakheel Retail.

Manal Shaheen added:
“Through bold decisions made by our leaders, Dubai has established ‘first mover’ advantage in the region, with clear property laws and legislation for the protection of the consumer. Homebuyers, including overseas investors, can buy property freehold, safe in the knowledge that legal watchdogs such as RERA exist to protect their best interests. This protection has a vital role to play in the long-term success and stability of Dubai’s real estate sector.”

Dubai is increasingly becoming the business and tourism hub of the Middle East, and, with 1.7 billion people living within a four-hour flight radius of the Emirate, is set for continued future growth. Having already played a leading role in establishing Dubai as a leading tourism destination, Nakheel’s planned tourism projects will include up to 250 new hotels – a 50 per cent increase on the current number in the emirate. The Palm Jumeirah alone is more than doubling the number of beachfront hotels in Dubai, with more than 30 hotels and 14,000 rooms. Numbers of hotel and hotel-apartment guests in Dubai continue to show strong year-on-year increases, with 500,000 more guests in 2007 than 2006.
(Nakheel)
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Old September 8th, 2008, 09:00 PM   #72
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2020? Hahahaha....nice.
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Old September 9th, 2008, 09:54 PM   #73
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waooooooo impresionante, se ve muy chevre , esa ciudad waoooooo crece cada cada dìa es impresionante, me imagino casa mes desconocer su ciudad y decir donde estoy?? jajaja... porque desmasiadas construcciones , espectacular.,
Saludos de Chanchamayo PERÙ
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Old September 9th, 2008, 10:39 PM   #74
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que senor? Hablas english?
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Old December 16th, 2008, 07:13 PM   #75
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Nakheel, one of the world’s largest and most innovative real estate developers, has been named ‘Developer of the Year’ at the Arabian Business Achievement Awards ceremony and gala dinner, held last night at Atlantis, The Palm.


Abdulla Bin Sulayem, Nakheel accepts 'Developer of the Year' award


نخيل تحصل على جائزة أفضل مطور عقاري لعام 2008 من ارابيان بزنس

للنشر الفوري
دبي- 15 ديسمبر 2008

فازت شركة نخيل، كبرى شركات التطوير العقاري في دبي، بجائزة "افضل مطور عقاري للعام 2008" وذلك ضمن جوائز مجلة "ارابيان بزنس" للانجازات، ووسط حفل اقامته المجلة مساء امس في فندق اتلانتس الواقع في النخلة جميرا.

وكانت نخيل قد انتزعت اللقب بعد منافسة قوية مع نخبة من الرواد في مجال تطوير المشاريع السكنية والتجارية والصناعية في دول مجلس التعاون الخليجي، وبموجب تصويت هيئة التحكيم التي تتألف من نخبة من قادة الاعمال وكبار المحررين والمدراء في مجموعة "آي تي بي" للنشر.

وقد حضر الاحتفال الذي يعد تكريما للانجازات المتميزة خلال 2008 نخبة رجال الاعمال ورواد المشاريع في المنطقة.

وفي تعليق له حول الفوز بالجائزة قال كريس أدونيل، الرئيس التنفيذي لنخيل: "اننا نعتز بالحصول على جائزة "افضل مطور عقاري للعام 2008" من مجلة ارابيان بزنس. وأود بهذه المناسبة أن أتوجه ببالغ الشكر والامتنان لأعضاء فريق العمل على ما بذلوه من جهود جماعية أثمرت تحقيقا لما كان يُعتقد بأنه مستحيل. لقد اطلقنا خلال 2008 مجموعة من المشاريع التي تخطت حدود الخيال، والتصميم والهندسة" .

من جانبه، قال وليد عكاوي، الرئيس التنفيذي لمجموعة آي تي بي: "ان جائزة "افضل مطور عقاري للعام" هي من اكثر فئات الجوائز اهمية، حيث تشهد تنافس اكثر المطورين العقاريين ريادة في المنطقة. وان الانجازات التي حققتها نخيل خلال الاثنى عشر شهرا الماضية كانت متميزة بكل ما للكلمة من معنى، حيث تم اطلاق مجموعة من اكثر المشاريع ابداعا في المنطقة، والتي تحمل توقيع نخيل. والى جانب هذه المشاريع المتميزة، فقد واصلت نخيل تطوير مجموعة من مشاريعها التي تتميز بالجودة والاسعار المناسبة. ومن اجل كل هذه الاسباب، اخترنا منح نخيل جائزة "افضل مطور عقاري للعام 2008"".

واضاف: "ان جوائز ارابيان بزنس هي تكريم للاعمال الرائدة في المنطقة، وتكريم للانجازات اليومية المؤثرة".

وتُسهم نخيل في رسم أهم ملامح التحول في خريطة دبي العقارية عبر تطوير العديد من المشاريع المبتكرة، حيث تعمل على إضافة 1000 كيلو متر للشريط الساحلي لدبي عبر سلسلة من المشاريع الأكثر ابتكارا في العالم من قبيل ثلاثية جزر النخلة وجزرالعالم. وتشير الدراسات بأن نخيل سوف تقوم بإمداد نحو 50 بالمائة من احتياجات دبي السكنية، وذلك بتطوير منازل تستوعب 3 ملايين نسمة، كما تخطط لتطوير 10 مليون متر مربع من مساحات التسوق.

وبعد أن لعبت دورا بارزا في تعزيز مكانة دبي كوجهة سياحية رائدة في المنطقة والعالم، تخطط نخيل إلى بناء نحو 250 فندقا جديدا، أي بنسبة زيادة قدرها 50 بالمائة مقارنة مع عدد الفنادق الحالية في الإمارة، ستبرز من بينها فنادق "نخلة جميرا" والتي يبلغ عددها 30 فندقا تحتوي على 14000 غرفة فندقية، من شأنها أن تضاعف عدد الفنادق الشاطئية في إمارة دبي.

-انتهى-



نبذة عامة حول شركة "نخيل":
تعد "نخيل"، إحدى كبرى شركات التطوير العقاري الخاصة في العالم، ولاعباً أساسياً في تحقيق رؤية دبي للقرن الحادي والعشرين، وهي: خلق الوجهة العالمية للتجارة والسياحة.

تشتمل حقيبة مشاريع "نخيل" في الوقت الحالي على مجموعة متنوعة من المشاريع في دبي وفي مختلف القطاعات وهي السكنية والتجارية والتجزئة الترفيهية. تنتشر هذه المشاريع على أكثر من ملياري قدماً مربعاً من الأراضي والتي يتوقع أن تصل قيمتها إلى أكثر من 80 مليار دولار أمريكي. كما ستعمل المشاريع المائية لنخيل على إضافة أكثر من 1000 من الشواطئ لسواحل دبي.

تضمّ حقيبة مشاريع "نخيل" حالياً جزر النخلة جميرا والنخلة جبل علي والنخلة ديرة وجزر العالم وجزر الكون والواجهة المائية وجزر الجميرا وقرية الجميرا وجميرا بارك ومرتفعات الجميرا وبروميناد والحدائق وحدائق ديسكفري وابن بطوطة مول والفرجان والمدينة العالمية ومجمع التنين ومركز دبي للتصميم.

وتعد "نخيل" جزءاً أساسياً من دبي العالمية، وهي إحدى كبرى شركات التطوير، ومشرفة على حقيبة أعمال ومشاريع حكومة دبي عبر خمسة قارات وفي أكثر من 100 دولة.
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Old December 23rd, 2008, 06:40 PM   #76
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from the Nakheel:

Largest landscape nursery in UAE flourishes at Nakheel's Waterfront

-156,000 plants, shrubs and trees now growing-
-50 hectare area of land at Waterfront-

Dubai, 22 December 2008 – Nakheel, Dubai's master-developer, today announced that 156,000 plants, shrubs and trees are currently growing at Waterfront Landscape Nursery and are intended to grow around 4 million plants per year. Created a year ago from a harsh desert environment, the 50 hectare nursery is now the largest in the UAE. The plants, shrubs and trees will be used for landscaping across the extensive Waterfront and Palm Jebel Ali developments and other projects.

Extensive greenhouse areas have been created at the nursery for growing plants from seed and large shaded areas are used for bringing the plants on. 20 hectares of the 50 hectare site have been laid with soil for growing grass with 7.5 hectares of grass having already been planted. Irrigation works in the Nursery are provided from the treated effluent water from the sewage treatment plant in Omran Workforce Accommodation.

The nursery marks a significant sustainability initiative from Nakheel. With the nursery serving multiple developments, and taking "mother stock" cuttings from the Gardens, waste is reduced. Nakheel has also put together a green waste proposal which could see cuttings from established trees and shrubs in established Nakheel developments collected and brought to the nursery where they will be turned in to compost, cutting down not only on waste, but also Municipality costs.

Matt Joyce, Managing Director of Waterfront said:

"We are delighted with the progress our nursery has made since its creation a year ago. With the use of large greenhouses and shaded areas, our plants are flourishing amidst the desert.

There has been a lot of interest in the plants and trees already - we have taken our first order from the Badrah project within Waterfront, and had enquiries from Palm Jumeirah. Interest is set to grow further as the development progresses".

The nursery is just one example of sustainability initiatives at Waterfront; Nakheel, Mouchel and GESolar have undertaken a joint venture to investigate solar power’s feasibility on a large scale. A solar panel has been installed outside the Nakheel Waterfront Design Office and will be monitored for the effects of weather, global radiation and lack of panel maintenance. With the region’s strong exposure to the sun, solar energy could provide heat, lighting, mechanical and electrical power, with solar panels providing shade.

Waterfront is on track to becoming the exemplar sustainable city founded on resource efficiency, social equity, and economic prosperity. Minimizing ecological impact is considered in every decision of the city's design, construction and operation.

The Waterfront Nursery

[IMG]http://i39.************/2vacpjb.jpg[/IMG]


At the original site of Waterfront Nursery

[IMG]http://i40.************/9rr6gx.jpg[/IMG]


A year on at Waterfront Nursery

[IMG]http://i44.************/15pfrl0.jpg[/IMG]

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Old December 23rd, 2008, 06:41 PM   #77
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Nakheel receives travel and tourism accolade
Opening of Atlantis and QE2’s arrival take two places in the
Daily Telegraph’s list "Ten top travel and tourism events of 2008"



Dubai, 21st December 2008: Nakheel, Dubai's master developer, today celebrates as Palm Jumeirah has two of its famous icons placed sixth and seventh in the Daily Telegraph’s ten top travel and tourism events of 2008. The Daily Telegraph is one of the UK’s leading newspapers. The opening of Atlantis, Palm Jumeirah's flagship resort, was placed at number six, tied in with the meteoric rise of the Middle East’s tourism industry and followed closely at number seven by the arrival of QE2, set to become a floating resort at Palm Jumeirah.

The opening celebration of Atlantis in November saw the entire Palm Jumeirah island and its flagship hotel lit up in a spectacular fireworks display, attended by a host of celebrities and watched by spectators the world over. In an exciting week for Palm Jumeirah, QE2 was welcomed by excited crowds to Dubai six days later.

Once refurbished, QE2 will form an integral part of Palm Jumeirah's tourism attraction where she will become the centre-piece of a residential, entertainment, marina, and hotel development. With these events recognised as two of the most influential travel and tourism events of 2008, Palm Jumeirah enters 2009 on a high.

Johann Schumacher, Managing Director, Palm Jumeirah, said:

"This is a proud day for Palm Jumeirah, which is rapidly evolving from an
engineering marvel and iconic landmark into a world-class tourism destination, as shown by the recent Daily Telegraph list.

"With QE2, Atlantis, the permanent Cirque du Soleil theatre, Palm Monorail and a number of five star hotels opening over the coming years, Palm Jumeirah is set to become the centre for tourism entertainment in Dubai."

Manfred Ursprunger, CEO of QE2 Enterprises, Nakheel Hotels, said:

"After such a warm welcome to Dubai, QE2's new beginning could not have got off to a better start. With plans for the refurbishment of QE2 and the surrounding precinct on Palm Jumeirah to include fine-dining restaurants, a wellness spa and centre, and a luxurious, West-end style theatre, we see QE2 as a top travel and tourism destination for many years to come."

Palm Jumeirah is one of the world’s largest man-made islands and home to a residential, tourism, and leisure destination created by Nakheel, a driving force in Dubai’s transformation into one of the fastest growing cities in the world.

Proudly positioned as Nakheel’s flagship development, the glamorous, innovative, and ambitious Palm Jumeirah is a truly unique development which has been at the forefront of Dubai’s growth as an internationally recognised tourism and business destination.

(Nakheel)
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Old December 25th, 2008, 05:07 PM   #78
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Now that's cool actually, that nursery.
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Old December 27th, 2008, 07:56 PM   #79
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NAKHEEL INTERNATIONAL

What an incredible projects created by Nakheel . . .

And what about Nakheel´s International projects or investment plans? . . .

I heard they just bought a luxurious resort in Los Cabos, México . . .

The Palmilla Hotel, managed by One & Only Resorts . .

I would love to see in México City at least a couple of these towers builded by Nakheel
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Old December 27th, 2008, 08:01 PM   #80
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Nakheel has enough cash to complete projects

on Tuesday, December 23, 2008

Nakheel, the real estate arm of Dubai World, yesterday said it has enough cash to complete existing projects and foresees "no issues" when its $3.52 billion (Dh12.9bn) sukuk matures in December 2009, its CEO said.

The developer has no plans to sell an equity stake to a sovereign wealth fund, a spokesperson added. Neither is there any discussion on merging with sister company Limitless.

"We expect the debt markets to improve and as such we do not foresee any issue regarding the expiry of our November 2009 sukuk," Nakheel Chief Executive Chris O'Donnell said The sukuk, issued on November 29, 2006, is trading at a yield to maturity of 17 per cent.

O'Donnell had said in October Nakheel would study various options, including a share issue, on paying down the sukuk. He said Nakheel has enough cash to fund existing projects but would not launch new developments.

It will launch real estate investment trusts "when market conditions permit", the spokesperson said.

http://business24-7.ae/Articles/2008...cdd3f7876.aspx
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