NAKHEEL

[bizzybonita]

Originally Posted by Naz UK

Why have the world's tallest tower, when you can have the world's most AAAAGHHASKLFPUKEFLAKERJ BAARRARFELLAAAAAAAAAAAAHHHHGGGHHHH!KILLME KILL ME NOWWWWWW, which they've named the Universe?

marina 2 the world 2 coming in dubai land 2 to make new dubai 2 in 3000 year.

via gulfnews 3000

[Imre]

Nakheel Retail Shopping Malls division to become the largest shopping mall developer in the Middle East by 2012

-Nakheel to showcase 5 new mega malls at the Middle East Council of Shopping Centres annual convention

Dubai, STRICTLY EMBARGOED UNTIL 00:01, 21st April, 2008: Nakheel, a Dubai World company and one of the world’s largest and most innovative real estate developers, has announced plans that will make its integrated retail division Nakheel Retail, the largest shopping mall developer, owner and manager in the Middle East by 2012 and one of the largest in the world by 2018.

Nakheel Retail Shopping Malls division is about to commence the development of 13 million square feet of new retail space across five separate mega projects: Palm Mall, Palm Jumeirah a premier retail destination on the first Palm development; Palm Mall, Palm Deira an enormous retailing precinct planned for the first phase of the Palm Deira; Ibn Battuta Mall Phase II, doubling the mall’s size with new themed courts and an expanded retail mix; India Mart, which will combine the very best of Indian wholesale and retail shopping with entertainment facilities; and finally Great Mall Dubai a ‘3-in-1’ mall concept at International City.

Ahead of the Middle East Council of Shopping Centres (MECSC) Annual Convention; at which Nakheel Retail’s future plans will be showcased, Graham Dreverman, Group Managing Director, Nakheel Retail said:

“With the success of Ibn Battuta Mall and Dragon Mart, we are in a very strong position to expand the Shopping Malls division of Nakheel Retail across Dubai to meet the retail demands of a growing population. Nakheel is known for its iconic projects and this extends to all its divisions. With the design and delivery of five new innovative, world-class shopping malls, through our Shopping Malls division Nakheel Retail is poised to become one of the most successful shopping mall developers, managers and owners in the world.”

Nakheel Retail has created a new structure to meet its ambitious plans for growth. There are four divisions spanning shopping mall and retail brand development – Shopping Malls, RetailCorp, Hypermarkets and Food & Beverage.

Nakheel Retail Shopping Malls is the retail property division of Nakheel Retail undertaking ownership, development, management, leasing and marketing of shopping malls strategically located around Nakheel’s residential communities.

Nakheel Retail RetailCorp is already a dominant operator in the sports sector through a mix of franchise and joint venture agreements with brands including: Lillywhites, Sports Direct, Dunlop, Slazenger, Karrimor, Carlton, Donnay, No Fear, Kangol, Voodoo Dolls, Antigua, Lonsdale, Nike, Go Sport, Peak Performance, Inwear, Soaked in Luxury, Joe Bloggs. New retail brands for Nakheel RetailCorp will focus on general apparel, sports, entertainment and leisure, cinema and home sectors.

Nakheel Retail Hypermarkets complements the other retail platforms dedicated to establishing an international hypermarket that will set the benchmark for the region. An announcement regarding a partnership with a leading international brand will be made shortly.

Nakheel Retail Food & Beverage will target the diverse market in the region by embracing the cuisines of the world, will become the largest and most diverse food and beverage operator in the UAE within five years.

Nakheel Retail Shopping Malls division’s existing asset portfolio includes more than two million square feet including the world’s largest themed shopping centre in the world, Ibn Battuta Mall, and the largest Chinese wholesale trade centre outside of China, Dragon Mart. Over the next 10 years, Nakheel Retail Shopping Malls division will build an extensive portfolio of shopping destinations in Dubai to serve the needs of new mega projects such as Waterfront and the Palm Deira and the growing population of Dubai.

Nakheel Retail’s focus is to become the dominant player in Dubai’s changing retail landscape, providing extraordinary vision and expertise during a period of remarkable change and growth.

(Nakheel)

[Imre]

Graham Dreverman,
Group Managing Director, Nakheel Retail

Graham Dreverman joined Nakheel in 2007 as the Group Managing Director of Nakheel Retail. He brought with him over 30 years of experience in the retail management and development business in Australia, Asia and the Middle East.
Prior to joining Nakheel, Graham was Chief Executive Officer of MAF Shopping Malls and Executive Director of Majid Al Futtaim Properties in Dubai. Graham also spent over fifteen years with Lend Lease Corporation. Prior to Dubai, he was based in Singapore as the Regional Director for business development, leasing and marketing.
Graham held senior positions at the Australian operation of Lend Lease Corporation and was Director of Lend Lease Retail and Lend Lease Property Management. Graham's career included 6 years at Coles Myer, one of Australia's largest retail groups.


David Thurling
Managing Director, Nakheel Shopping Malls, Nakheel Retail

David Thurling has been working in the retail property industry for over 20 years. He joined Nakheel in 2006 as Managing Director of Nakheel Shopping Malls. David’s experience in retail property spans all key disciplines including asset management, leasing and marketing and development.

He has worked with several major retail property firms in Australia, Asia and now the Middle East. Before joining Nakheel, David was Senior Vice President of Singaporean based CapitaLand Retail Limited, one of Asia’s largest and most influential property companies. He was also Retail Development Director for Singapore’s largest shopping mall Vivo City. Prior to this, David worked and consulted for some of the leading shopping mall owners and developers in Australia. This includes groups such as Gandel Retail Trust where he was Group Marketing Manager, Coles-Myer, MAB Corporation, Grocon, Mirvac and ISPT. He also spent several years in Indonesia including a period as General Manager with Lippoland, the property division of the Lippo Group.

David has also enjoyed extensive experience working with property consultants such as Colliers International (Australia), The Results Partnership (Australia) and Jones Lang La Salle (Indonesia).

(Nakheel)

[Parisian Girl]

Nakheel plans to develope 100 shopping malls in 20 years

By Saifur Rahman, Business Editor
Published: April 20, 2008, 23:50

Dubai: Nakheel will develop 100 shopping malls in the next 20 years that will cater to three million-strong communities the developer is planning to build in Dubai, a top official said.

The company will soon announce a major tie-up with a global retail hypermarket chain to operate supermarkets and hypermarkets, totalling 40 in the next 20 years.

"We are investing billions of dirhams in malls development to strengthen our retail portfolio and with 13 million square foot retail development, we are going to become the largest shopping mall developer in the Middle East," Graham Dreverman, group managing director of Nakheel Retail, told Gulf News. "The number of shopping malls will cross 100 in the next 20 years to cater to the three million-strong communities being built by Nakheel."

Nakheel Retail is the newly restructured retail arm of Nakheel - the largest UAE developer by project value, estimated at $80 billion. There are four divisions spanning shopping mall and retail brand development - Shopping Malls, RetailCorp, Hypermarkets and Food & Beverage. Nakheel Retail Shopping Malls is the retail property division of Nakheel Retail undertaking ownership, development, management, leasing and marketing of shopping malls strategically located around Nakheel's residential communities.

"Among the new developments, we are constructing the Palm Mall, Palm Jumeirah - a premier retail destination on the first Palm development, to be followed by Palm Mall, Palm Deira - an enormous retailing precinct planned for the first phase of the Palm Deira. Besides, we are going to double the space of Ibn Battuta Mall through Phase II expansion."

The company is also developing India Mart, which will combine the very best of Indian wholesale and retail shopping with entertainment facilities; and finally Great Mall Dubai - a 'three-in-one' mall concept at International City.

Nakheel Retail Hypermarkets complements the other retail platforms dedicated to establishing an international hypermarket that will set the benchmark for the region. "We are soon going to announce a tie-up with a major global retail chain to manage hypermarkets across the GCC," he said. "We are initially looking at establishing eight hypermarkets during the first five years going to 40 in the next 20 years."

Nakheel Retail Food and Beverage will target the diverse markets in the region by embracing the cuisines of the world, and will become the largest and most diverse food and beverage operator in the UAE within five years.

He said the company has already acquired a South African restaurant chain that currently operates 30 outlets. "Under the Nakheel Retail Food and Beverage arm, we are planning to roll out more than 300 restaurants across Middle East and Africa region within the next five years," he said.

Nakheel RetailCorp is already a dominant operator in the sports sector through various franchise and joint venture agreements with top brands.

http://www.gulfnews.com/business/Dev.../10207301.html

[Parisian Girl]

Dubai's Nakheel plans $3 bln shopping malls

Reuters, Sunday April 20 2008

DUBAI, April 21 (Reuters) - Nakheel, a Dubai-government owned property firm planning a $2 billion IPO this year, said it will develop five United Arab Emirates shopping malls at a cost of at least $3 billion to tap population and economic growth.
Nakheel will develop two of the malls on palm-tree shaped islands the company is building off the coast of Dubai, Graham Dreverman, managing director of Nakheel Retail told Reuters by telephone. The malls will open by 2012, he said.
"Its a combination of population growth and GDP growth that will drive demand," Dreverman said.
The company expects as many as three million people will live in the communities it is building in Dubai, Dreverman said, without immediately being able to say how many live there now. The population of Dubai is about 1.2 million.
Dreverman referred questions on financing construction of the malls to Nakheel Chief Financial Officer Kar Tung Quek.
Nakheel plans to sell about $1 billion of Islamic bonds to fund expansion and raise 8 billion dirhams ($2.18 billion) of equity via an initial public offering of real estate investment trusts in October. (Reporting by James Cordahi; Editing by Quentin Bryar)

http://www.guardian.co.uk/feedarticle?id=7475003

[Parisian Girl]

Nakheel Retail plans Dh11b shopping malls
By Jose Franco

21 April 2008

DUBAI — Nakheel Retail, a division of Dubai World’s property developer arm Nakheel, is spending at least Dh11 billion ($3 billion) to build five more shopping malls in Dubai within five years.

This would make Nakheel the biggest mall developer, owner and manager in the Middle East by 2012 and one of the world’s largest by 2018, according to Graham Dreverman, group managing director of Nakheel Retail.

He also announced that his company would enter into a joint venture with a foreign supermarket chain by next month. He said the parties involved are now in the final phase of the negotiations.

David Thurling, managing director of Nakheel Retail Shopping Malls, said the malls would be equipped with unique and family-oriented entertainment facilities targeting mainly residents around Nakheel’s community developments. The Palm Mall, to be constructed at Palm Deira, for instance, will have an indoor public park wherein families and other shoppers may go for a picnic or engage in other leisure activities.

The mall is planned for the first phase of the Palm Deira and another Palm Mall will be built at Palm Jumeirah while India Mart and Great Mall Dubai will be located at the International City. Dreverman said that construction work is ongoing on the first of the five mall developments, Ibn Battuta Mall Phase II. This would double Ibn Battuta’s 1.1 million square foot area when completed.

He cited the success of Battuta Mall and Dragon Mart, saying this has put his company in a “very strong position” for expansion. “With the design and delivery of five new innovative, world-class shopping malls. Nakheel Retail is poised to become one of the most successful shopping mall developers in the world,” he added.

Thurling said the company, whose shopper-traffic rose 30 per cent to 10 million visitors, is confident of having a steady increase in the number of shoppers over the next few years. He added that Nakheel Retail’s 275 retail tenants will double over the next four years, when the new shopping malls will have been delivered. The company has created a new structure, involving four divisions for shopping mall and retail brand development, to support its expansion.

http://www.khaleejtimes.com/DisplayA...ction=business

[Parisian Girl]

http://www.business24-7.ae/Articles/...atethreat.aspx

[Parisian Girl]

Nakheel partners with Jafza to initiate budget hotels in Dubai

04-May-2008

Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, has cemented its partnership with Jafza (Jebel Ali Freezone) to pave the way for the opening of one of several innovative budget hotels under the ‘easyHotel' brand. The partnership sets in motion the development of an innovative budget hotel in the up and coming area around the free zone.

Joe Sita, CEO, Nakheel Hotels, said, "As the first of many such easyHotels.com developments, Nakheel Hotels is bringing another innovative concept to Dubai and the MENA region through its ownership of the master franchise of easyHotels and tapping into the burgeoning requirements for budget hotels in the Middle East".

The easyHotel, located close to Sheikh Zayed Road in Jafza will be a 216 room budget hotel that will deliver an absolutely first class ‘sleep and shower' experience at an affordable price for visitors to the area. Construction is scheduled to begin at the end of May 2008 with a completion date of June 2009.

http://www.gowealthy.com/gowealthy/w...903637085.html

[Naz UK]

More like s..., shower and sleep.

[DUBAI]

ISnt it time this thread was renamed, or killed?

[Naz UK]

Or, just replace TDIM with ATM.

[Imre]

6/May/2008

Arabian Travel Market 2008, Dubai (ATM)











more pics here:

http://www.flickr.com/photos/imresolt/

[germantower]

Is there a small chance that Nakeel reveils the new design of al Burj at the travel market fair?

[Imre]

no,
main attraction is the Atlantis and Palm Jebel Ali waterparks now.

show is very good

[Naz UK]

You think? ATM is a load of bullshit. Repetitive, boring information and far too consumerised now, which is not what the objective was to begin with. Very quiet, most stands quite disappointed today. But hey... its Dubai, so a few $million got pissed away on empty BS promotions... no worries.

[Imre]

I meant the show at the Nakheel stand , that is great

[dsoto2]

Who can ensure us that those man wearing turbans in typical arab clothes aint balding ??

Originally Posted by Mavekris

well done

6 is the right answer.

Helghast you win

Naz uk

[bizzybonita]

Nakheel to house 3 million



on Tuesday, June 17, 2008

Nakheel expects to deliver homes for three million people over the next five years, according a top company official.

Sultan bin Sulayem, Chairman of Nakheel, the project's developer, said: "Over the next five years our activities will be focused on Dubai. We will be delivering homes for three million people across 3.5 billion sq ft of land and have plenty to keep us occupied."

He said currently the real estate developer has more than $80bn of land under development.

Palm Jumeirah properties have appreciated by up to 500 per cent and the costliest property on the island development and probably the most expensive of its size in the UAE – is valued at Dh45 million.

"Properties on the Palm Jumeirah have reached record prices, with some selling for up to Dh45m," Bin Sulayem told Emirates Business.

"These are now highly desirable properties, with prices skyrocketing over the past 18 months as people have actually moved in and can experience the lifestyle for themselves."

He added that the price of islands on Nakheel's most exclusive off-shore development, The World, ranged from $20 million (Dh73m) to $50m – placing them firmly in the super luxury category.

"Since the handover of every single one of the first phase properties on the Palm Jumeirah – 4,000 in total – we have seen premiums reach 500 per cent in some cases," added Bin Sulayem. He said the first buyers of villas on the Palm Jebel Ali were already seeing premiums of 100 per cent.

"We believe this a direct result of the handover on the Palm Jumeirah, where already 2,000 families have moved in. The Palm Jebel Ali provides a further opportunity to be part of this and I believe that as our other projects reach similar stages of completion we will see these properties becoming increasingly valuable.

"It's important to remember we are still a relatively young firm, just six years old, but we have achieved remarkable brand recognition.

"We have been approached to co-invest by firms around the world and we aim to capitalise on our intellectual property, experience, and expertise to diversify globally."

He added Nakheel is also looking at the option of creating real estate investment trusts (Reits) – particularly a Dh2bn infrastructure Reit by the end of the year and a Dh800m residential Reit in 2009.


The numbers

$80bn: The firm has land worth this figure under development

3m: People will live in homes delivered by Nakheel in the past five years

[malec]

Answer me this. What does that article have to do with Nakheel's largest stand in its history?

[Imre]

Gulfnews:

Nakheel manager held in bribery investigation
By Shakir Husain, Staff Reporter
Published: August 15, 2008, 23:58


Dubai: Nakheel, the Dubai World company behind the three Palm Islands projects, confirmed to Gulf News on Friday that one if its senior employees is under investigation on bribery charges.

Nakheel said in a statement last evening that an employee is being questioned by the authorities, but did not provide any details.

For days, rumours of the arrest of a senior executive had been circulating in Dubai financial circles, but the company previously neither confirmed nor denied the speculation.

However, Gulf News has learned that Nakheel's general manager of sales, Walid Al Jaziri, is being questioned by authorities for taking kickbacks. But Nakheel refused to confirm his name.


"Nakheel regularly conducts internal audits as part of its commitment to a transparent corporate governance," a Nakheel company spokesperson said.

"As a result of this internal audit process, the company can confirm that a member of staff is being interviewed by the authorities. It would be inappropriate to comment further on this issue."

The company also told Reuters News Service that it was denying a published report in a London-based property magazine that around Dh3 billion had been embezzled from Nakheel.

"In relation to rumours of embezzlement, the company can confirm that no embezzlement has taken place within Nakheel and the figure of Dh3 billion quoted is categorically incorrect," the spokesman said.

However, the company said the allegations of financial irregularities is "in relation to the acceptance of sums paid to an employee by third parties".

When contacted by Gulf News, Nakheel's chief executive officer Chris O'Donnell declined to provide further details, citing an ongoing investigation by Dubai Police.

"It would be inappropriate for me to comment," he said. Nakheel is also remaining tightlipped over the amount of money involved in the bribery investigation, saying the case involves outside parties.

Tamweel: Investors dump stock

Investors worried about an investigation into an alleged financial fraud at real estate financial giant Tamweel started to dump the company's shares on Thursday, when news of the probe began to surface.

Fadi Al Kiswani, trading manager of Al Sharhan Stock Centre, told Gulf News several investors worried about the negative impact of the investigation sold Tamweel shares when police were supposedly questioning two former top executives.

Over the past weeks, Tamweel has issued two separate denials of any investigation. The company, listed on the Dubai Financial Market, told officials there that it "has received no formal notification of such an investigation from relevant authorities".

"I think the stock will drop further when the market opens," Al Kiswani said, adding that the new reports of an investigation after Tamweel's earlier denial will affect investor confidence.