1. Realty firms may restart hiring in Q4 or early 2010
(News/UAE Dubai Property News)

... Director, Macdonald & Company. The slowdown in Dubai's real estate market saw a large number of companies such as Nakheel, Damac Properties, Emaar Properties and a score of mid-size developers making ...

2. Investors take great leap of faith
(News/UAE Dubai Property News)

... master developers such as Emaar or Nakheel, investors are allowed on a case-by-case basis to cancel their contract and consolidate, or transfer their credit to other investors’ properties. Investors ...

3. Trump Tower delayed indefinitely
(News/Latest)

  Work on the Trump International Hotel and Tower project has been suspended indefinitely. Nakheel, which was developing the project, first called a halt at the end of last year. The Al Habtoor ...

4. UAE plans unified freehold visa
(News/UAE Dubai Property News)

... in recent months when major master developers Nakheel and Emaar - who have been helping foreign buyers of freehold properties to get three-year renewable residence visas - had stopped facilitating them ...

5. Dubai-based firms announce thousands of redundancies
(News/UAE Dubai Property News)

... has laid off about 140 staff on Sama Dubai projects, and the local Al-Shafar General Contracting is making up to 1,000 redundancies, as the firms follow Nakheel and Emaar Properties in reviewing their ...

6. Dubai Builders struggle to get payments
(News/UAE Dubai Property News)

... Nakheel stalled, the company has been experiencing delays in payments on certain jobs. “We’re getting delays in payment by about two to three weeks now,” said Beejay Kim, a senior manager with Samsung ...

7. Nakheel delays multiple Dubai projects
(News/UAE Dubai Property News)

Nakheel delays multiple Dubai projects The financial situation is impacting Dubai Master Developer Nakheel. Today Nakheel announced layoffs of 500 people and now delays of several of the large projects. ...

8. Dubai Nakheel cuts 500 jobs
(News/UAE Dubai Property News)

Dubai Nakheel cuts 500 jobs Dubai government-owned Nakheel, developer of the Gulf trade hub's man-made palm islands, said on Sunday it had cut 500 jobs or 15 percent of its workforce as it scales back ...

9. Dubai Palm Jumeirah property prices fall 40 pct
(News/UAE Dubai Property News)

... property brokers say. A four-bedroom villa on the man-made island developed by government-owned Nakheel, is now selling for Dh10 million (US$2.72m), down from Dh15m in September, Quaid Abbas, ...

10. Dubai Land reclamation projects to slow
(News/UAE Dubai Property News)

... of local man-made islands, Nakheel, has scaled back reclamation activity on the Palm Deira, the largest of its three Palm island developments in Dubai, in response to the liquidity shortage. Dredging ...

11. Palm Jebel Ali construction set to slow down
(News/UAE Dubai Property News)

Palm Jebel Ali construction set to slow down Infrastructure work on parts of Nakheel’s Palm Jebel Ali may be slowed in light of current economic conditions, according to Ali Mansour, the project’s director. ...

12. Slowdown in Dubai real estate sector will be short-lived, experts say
(News/UAE Dubai Property News)

... property developers, including Emaar and Nakheel, will find it difficult to secure new financing. "Today, there is little demand for real estate. There is hardly any trading. Buyers are sitting on the ...

13. Palm Deira work on-going, claims Nakheel
(News/UAE Dubai Property News)

Dubai Palm Deira work on-going, claims Nakheel Nakheel moved to deny rumours that it was shelving its Palm Deira island, taking journalists on-site to see work in progress today. Abdullah Bin Sulayem, ...

14. Property prices on Dubai Palm Jebel Ali fall by up to 40%
(News/UAE Dubai Property News)

House prices on the Palm Jebel Ali, second largest of Nakheel’s palm-shaped islands, have fallen by as much as 40 percent in the last two months as the global financial crisis sees foreign investors move ...

15. Kilometre-high tower planned for Dubai
(News/UAE Dubai Property News)

After more than three years on the drawing board, Nakheel has announced that it is to build a skyscraper that will be more than one kilometre high, the tallest in the world — but only minutes down the ...

16. Four Sama Dubai execs arrested
(News/Latest)

... 2007 - and this week sub-developer Schon Properties announced full refunds for some investors in the 3 billion-dirham ($816.7 million) project. The arrests at Sama come just a week after Nakheel confirmed ...

17. Dubai - Nakheel employee in bribe-taking probe
(News/Latest)

Government-owned developer Nakheel Properties, builder of Dubai's Palm Islands, said on Friday one of its employees is under investigation on suspicion of bribe-taking. It comes a day after a probe surfaced ...

18. Gulf developers face accusations of embezzlement and corruption
(News/Latest)

Dubai: Developers in the Gulf have walked into a minefield of controversy and speculation as corruption claims, investigations and embezzlement threaten to damage the real estate market. Nakheel has found ...

19. Dubai - 86% does not trust the local property market
(News/Latest)

... in the industry, claiming far too many deals are still done behind closed doors. We ran the poll on Tuesday after Dubai-based developer Nakheel revealed that it had launched a staff audit to ensure greater ...

20. Dubai - Nakheel resales ban could be extended
(News/Latest)

SALES RESTRICTIONS: Buyers at the recently launched Trump Tower are banned from selling their property for one year. The restrictions placed on buyer resales of Nakheel’s Trump International Hotel & Tower ...