Al Nakheel-18th August, 2016 (Thursday)

Nakheel which means palms or palm trees. Nakheel is a real estate developer in Dubai and
creator of several land reclamation projects, including the Palm Islands, the Dubai
Waterfront, The World and The Universe Islands. Its residential projects include Gardens,
International, Jumeirah Islands and Jumeirah Lake Towers. Its shopping projects include The
Dragon Mart (at International City) and Ibn Battuta Mall. Its main competitor in residential
development in Dubai is Emaar Properties.

Nakheel's flagship properties are the three man-made palm tree shaped islands on the coast of
Dubai. Nakheel operates under the umbrella of Dubai World, which manages various businesses
on behalf of the Dubai government. The executive chairman of Al Nakheel is Sheikh Ahmed bin
Saeed Al Maktoum.

In February 2013 it was announced Nakheel would build two new projects on Palm Jumeirah at a
combined cost of 3.3 billiondirhams ($902 million). The Pointe, a retail, and dining complex will
be built in a bay opposite Atlantis, The Palm on the waterfront and adjacent to a new
marina. Nakheel Mall will be constructed on the beach at the trunk of Palm Jumeirah. One Of
Nakheel's new retail, dining and entertainment projects, The Golden Mile is said to open in April
2015, according to a statement issued by Nakheel. It will have around 70 outlets, including
department stores, restaurants, cafes, medical centers and a supermarket

On June 2, 2013 the company sold 350 villas in its proposed 350-hectare Jumeirah Park master
community for 1.4 billion dirhams (USD 385 million) in five hours. Demand was so
unprecedented; Nakheel increased the number of villas it planned to sell on the day from 226 to
350. The company announced construction tenders were yet to be finalized. The 350 villas will
be completed in 2015. The Jumeirah Park master community, says the company, will eventually
house 2,000 homes.

The Nakheel Groups tagline is Where Vision Inspires Humanity.

Nakheel shares a very clear vision which actually belongs to the late Sheikh Rashid Bin Saeed Al
Maktoum, UAE Vice President and Ruler of Dubai, which has been followed by Sheikh
Mohammed Bin Rashid Al Maktoum, UAE Vice President and Ruler of Dubai; to create Dubai
as a world class destination for living, business and tourism.

They strive to create truly iconic developments that make a huge contribution to the
improvement of people's lives and opportunities. They are inspired as people and inspire others
to achieve remarkable things and also they aim to be seen around the world as setting the
standards for creativity, ingenuity and enterprise.