Dubai-Waterfront.com

Lawyers want ex-Nakheel executives acquitted in Dh44m corruption trial

Two lawyers argued against the corruption charges leveled against their clients and asked a court to acquit them of committing financial irregularities that incurred Dh44.1 million in loss to Nakheel’s Dubai Waterfront project.

QE2 Palm Jumeirah plan sinks as Nakheel floats townhouse project instead

Nakheel has announced its first major project since the onset of the downturn in Dubai, with a new townhouse development on the Palm Jumeirah replacing originals plans to berth the QE2 ocean liner as a luxury hotel off the man-made island.

Nakheel reviews plan for mall on Palm Jumeirah

In April, a company spokesperson told this website that its operational plan was fully funded by the Dubai government and it allowed the company to sell assets going forward. It is currently working on completion of projects such as Jumeirah Park, Al Furjan, Veneto and Badrah, Jumeirah Heights, Jumeirah Village South, Jumeirah Island and Palm Jumeirah.

Dubai’s dramatic dreamscapes

The building boom in Dubai sparked an unprecedented flow of creativity. But many of the designs are still on the drawing board, waiting for the economy to catch up with the architects’ inspiration. Other proposed projects live on only in dreams.

Nakheel to restart five more projects next year

Dubai property developer Nakheel will restart five more projects as it receives cash from the Dubai Government to pay off the sukuk maturing next year.

Work will resume on Jumeirah Park, Badrah, Veneto, Jumeirah Heights Clusters, Jumeirah Village the Triangle and Circle, a Nakheel spokesperson told Gulf News.

Nakheel mega-projects won’t see light of day

Iconic buildings such as the Trump International Hotel and Tower and Nakheel Harbour and Tower were never built, while man-made island projects like the World, Dubai Waterfront and two more palm-shaped islands remain unfinished.