Nakheel Properties, founded in 2003 in Dubai, is a leading real estate company. As a government-owned business, it has greatly influenced Dubai's growth and urban design. The company specializes in large mixed-use developments, focusing on waterfront projects. Nakheel has expanded Dubai's coastline by adding 410 kilometers of waterfront properties. Their master developments span 15,000 hectares, providing homes for over 700,000 people. Nakheel aims to create vibrant communities and iconic destinations.
Nakheel Properties has gained a strong reputation in Dubai's real estate market. In 2024, Nakheel Community Management (NCM) became the first community management firm globally to earn a 'Platinum' rating from the Real Estate Regulatory Agency (RERA). This shows its commitment to high management standards. The company has also invested heavily in luxury developments. In October 2024, Nakheel awarded contracts exceeding AED 5 billion for ultra-luxury villas on Palm Jebel Ali. These actions highlight Nakheel's strength as a leading developer, known for innovative projects and financial stability.
Nakheel Properties has significantly enhanced Dubai's global image through its impressive projects. Among its signature projects is the Palm Jumeirah, a stunning man-made island completed in 2006, featuring luxury residences, hotels, and shopping venues. Another major project is The World Islands, with its first phase finished in 2008, designed to resemble a map of the world. Additionally, Nakheel developed the Dubai Islands, completed in 2007, offering over 20 kilometers of beaches, hotels, resorts, and residential areas, further establishing Dubai as a premier destination for luxury living and tourism. The company has also contributed to the residential landscape with Discovery Gardens, a community launched in 2008 that features themed clusters of apartments surrounded by lush greenery. Finally, the Ibn Battuta Mall, opened in 2005, showcases Nakheel's impact on retail. It is the largest themed shopping mall in Dubai with over 400 outlets, which is a vibrant shopping and entertainment hub.
Nakheel Properties has received many awards for its work in real estate and community management. In 2024, it was named one of the Top 35 Best Workplaces in the UAE for 'Large Organisations' by Great Place to Work Middle East, showing its focus on employee well-being. In 2023, Nakheel won six awards at the Transform Awards MEA for its rebranding, including Gold for Best Brand Evolution and Best Visual Identity in the Property sector.
To promote sustainability, Nakheel incorporates eco-friendly practices into its developments. They have installed over 2,300 solar-powered street lights in areas like Jebel Ali Village and Jumeirah Village Circle. Additionally, Nakheel has introduced a vacuum sewer system for Palm Jumeirah’s frond villas, showcasing its commitment to innovative infrastructure. In 2023, their efforts in energy management reduced carbon emissions by over 6,500 tonnes and saved around 16,800 MWh of energy. For community well-being, Nakheel launched the "LiveWell with Nakheel" program in 2023. This initiative connects residents with healthcare experts to provide tips on improving health and happiness. Nakheel also supports sports by partnering with the Emirates Dubai 7s Netball Tournament and the UAE Netball Federation, promoting active living in their communities.
