Nakheel Properties - developer of Palm Tower

Nakheel is a world-famous developer from Dubai, which for almost 20 years has been leading the general development of the city with a total area of 150 square meters. km. The company has built a number of artificial islands in the emirate, including the legendary Palm Jumeirah, as well as dozens of elite residential communities, shopping centers and hotels. The company was founded in 2003 and during its work has made a significant contribution to the creation of the modern image of the emirate.

Video about Nakheel development:

A short video will allow you to familiarize yourself with the principles of the developer and learn about the most popular real estate projects in Dubai. After which you will be able to understand what values the builder adheres to and learn all the advantages of living in real estate from Nakheel.

Nakheel - development company in Dubai

Since the end of 2020, Naaman Atallah, who has 25 years of experience in the real estate sector in the Middle East and India, has been the CEO of Nakheel, having held key management positions at Dubai Properties, Emaar, Qatari Diar and Piramal Realty. Previously, Ali Rashid Lootah held this position for 10 years. With 30 years of federal government experience under his belt, at the invitation of His Highness Sheikh Ahmed bin Saeed Al Maktoum in February 2020, he was appointed to the Board of Directors of the UAE Public Investment Company Dubai World. 

The developer Nakheel is best known for the construction of artificial artificial islands, which have increased the coastline of Dubai several times - more than 300 km. The most famous of them is the so-called "palm archipelago", including the iconic island of Palm Jumeirah. 

Nakheel's portfolio includes premium residential communities, most of which are family-oriented, as well as shopping and entertainment complexes, hotels and resorts, social clubs, restaurants and attractions. These projects have made a significant contribution to the modern image and status of Dubai as one of the best cities in the world for family living. Nakheel is a major contributor to the vision of developing the emirate as a world-class destination for living, business and tourism. 

Properties in Dubai by Nakheel 

Nakheel became the general developer of The World, an artificial archipelago of 300 islands resembling the shape of the Earth's continents, International City, Jumeirah Islands and Deira Islands, Jebel Ali Village, Al Furjan, Jumeirah Village, The Gardens, Jumeirah Park, Nad Al Sheba Villas, Discovery Gardens and Warsan Village. 

Note: Selling prices are from developers and are subject to change depending on the development of the Dubai real estate market.

To take a look at apartments and other types of housing in residential complexes from Nakheel developer, click on the button below:

The developer's portfolio also includes large shopping and entertainment complexes, the most famous of which are: 

• Nakheel Mall on the "trunk" of Palm Jumeirah
• Dragon Mart in International City
• Ibn Battuta Mall in Jebel Ali Village, which opened in 2021
• Circle Mall in Jumeirah Village Circle
• 6 pavilions of the Nakheel Pavilions network and others. 

Among the hotels built by the company are: 

• Avani Ibn Battuta
• Centara Mirage Resort Dubai
• Hotel Riu Dubai
• Premier Inn Ibn Battuta Mall
• Premier Inn Dragon Mart
• Ibis Styles Dragon Mart. 

Important principles of Nakheel's work are innovative solutions, modern technologies and advanced world experience. So, in January 2022, the company opened the region's first swimming pool on the roof of the shopping center - HUNA Aquatics in Circle Mall, located in the Jumeirah Village Circle area. According to Nakheel Asset Management Director Omar Khoury, the company is committed to creating new amenities, attractions and integrated services across Dubai. In addition to construction, Nakheel is also involved in a wide range of activities related to the management of its properties: shopping malls, resorts, residential real estate. For this, special divisions have been created: Nakheel Hospitality & Leisure, Nakheel Malls, Nakheel Community Management.

Nakheel builds residential communities with world-class amenities, offering properties for sale and for rent. 

The Nad Al Sheba Villas community is very popular among villa buyers. Real estate in this community can only be purchased by citizens of the UAE and the Gulf countries, but its rental is available to representatives of all countries of the world. This is a gated community offering 4 and 5 bedroom villas in Mediterranean and Moroccan styles. 

General amenities for residents include a 5-kilometer bike track and jogging track, as well as the upcoming Nad Al Sheba Mall, which will house 200 retail outlets, restaurants, a multiplex cinema, a clinic and a fitness center. 

A wide range of studios and apartments with 1-3 bedrooms is available in the new complex The Palm Tower Residences. 

This is a 52-story tower on the Palm Jumeirah, in which the first 18 floors are occupied by the 5-star St. Regis Dubai The Palm has 290 rooms and 432 luxury private residences on floors 19-47. All of them are fully furnished. Prices for 1 bedroom apartments start at AED 1,550,000 (USD 422,000). A wide range of amenities are available to residents, including children's playgrounds, tennis courts, barbecue areas, spa, clinic, beauty salon, dry cleaning and laundry. On the 50th floor of the tower there is one of the largest infinity pools on the planet AURA Skypool, on the 52nd floor there is a restaurant of the world famous brand SUSHISAMBA. 

The Palm Tower in Jumeirah

The Palm Tower is a 52-story mixed-use residential complex located on the Palm Jumeirah. The complex combines premium residential apartments and luxurious rooms from the five-star St. Regis Dubai. Recall that another premium residential project from St. Regis launched in Dubai's central Opera District. The developer of the project is Nakheel Properties, the general contractor is Trojan General Contracting. Construction of the building started in early 2014 and was completed at the end of 2021.

The first 18 floors of The Palm Tower are occupied by 290 hotel residences. Floors 19-47 are reserved for residential property - studios and apartments with 1-3 bedrooms.

Another advantage of owning real estate in The Palm Tower is the service from St. Regis. Property owners have at their disposal:

• beauty saloon;
• clinic;
• spa;
• barbecue area;
• squash and tennis courts;
• children's playgrounds;
• private parking;
• studio;
• Dry cleaning and laundry.

The entire territory of the building is under round-the-clock security and video surveillance.

Investing in The Palm Tower is good idea✅

All of the above makes The Palm Tower apartments a good option for both permanent residence and long-term investment. The highest return on investment is demonstrated by 1 bedroom apartments. Their profitability is estimated at 5.5% per annum. At the same time, the price of the annual lease of such property is from AED 150 000 (USD 40 850).

What kind of real estate is being built in Dubai?

In early 2022, the developer launched a new project, Tilal Al Furjan, a gated community that will include 220 premium 4 and 5 bedroom villas. One of the features of the project is the focus on environmental sustainability, including solar water heaters and electric vehicle charging stations. The project provides amenities for residents such as swimming pools, bike paths, children's playgrounds and sports courts. Villa prices in Tilal Al Furjan start at AED 2 900 000 (USD 789 600). The commissioning of the villas is scheduled for the end of 2024. 

Tilal Al Furjan was launched as a result of increased demand for real estate in another project from Nakheel, which launched in 2021 - Murooj Al Furjan. The construction of this community is also scheduled for completion in 2024. It is located a 15-minute walk from Al Furjan Metro Station 1. Murooj Al Furjan consists of 620 luxury residences of 3 and 4 bedroom townhouses and 3 to 5 bedroom villas, starting at AED 1 700 000 (USD 462 900) . 

Famous projects of Nakheel

First of all, Nakheel is known as the master developer of Palm Jumeirah, which has become one of the symbols of Dubai and the UAE as a whole. In addition, the company has created several other attractions in the emirate. 

One of them is The View observation deck, which began operating in the spring of 2021 on the same Palm Jumeirah. From here, a 360-degree view opens up: visitors can enjoy breathtaking views of the island, the Persian Gulf and the Dubai skyline. The View is located at an altitude of 240 m on the top - 52 - floor of the new Palm Tower skyscraper, which is the tallest building on the island-palm. The site can accommodate up to 300 visitors at the same time. At the entrance to the attraction, you can watch The View Exhibition and an immersive theater performance, which acquaint guests with the history of the creation of the island. In February 2022, the new VIP level The View at The Palm was opened, which is located at an altitude of 250 m. 

Reasons to buy real estate from Nakheel

At the end of 2020, specifically to improve all aspects of life in the Nakheel community and provide their residents with a wide range of services, the holding created a new company, Nakheel Community Management (NCM). In particular, its functions include: 

• Аinancial management (including optimizing the use of funds, managing the budget and service charges);
• Еechnical management and infrastructure development;
• Prompt resolution of problems arising from residents;
• Regular supervision and audits to improve the quality of community operation and management services.

NCM also works with residents' requests. Based on the received feedback, complaints and suggestions, the company takes measures to improve the conditions for life in the community. 

In addition, for the convenience of residents, the company has developed a special My Nakheel application - a virtual assistant with voice communication support. The application gives you access to more than 90 services at the touch of a button. For example, it allows you to manage your real estate portfolio, order home services, and much more. You can download My Nakheel App for free from the Apple Store and Google Play.