First Stone Real Estate

About Us

Nakheel is one of the world’s leading developers and one of Dubai’s master developers. Realizing the vision of Dubai for the 21st century to create a world class destination for living, business and tourism. Some of their most famous projects include Palm Jumeirah, The World Islands, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has more than 21,000 residential units under construction or in the pipeline.

Frequently ask question

What are Nakheel's notable projects?

Nakheel has developed several landmark projects, including Palm Jumeirah, The World, Palm Jebel Ali, Deira Islands, The Palm Gateway, and Tilal Al Furjan.

When was Nakheel Properties founded?

Nakheel Properties was founded in the year 2000.

What challenges has Nakheel faced in its history?

Nakheel faced legal hurdles over a record-setting sukuk issuance and underwent leadership changes in the aftermath of the 2010 global financial crisis. Debt restructuring occurred in 2011, transferring ownership to the Government of Dubai.

How did Nakheel perform in 2020?

Despite challenges posed by the pandemic, Nakheel reported making AED 5.67 billion ($1.54 billion) in revenue in 2020. The company launched successful projects that attracted significant investment interest.

What is Nakheel's expertise?

Nakheel specializes in conceptualising, designing, and implementing large-scale and iconic real estate projects. The company is known for master planning, iconic projects, infrastructure development, financial and project management, and a commitment to s

What are the market trends for Nakheel developments?

Market trends indicate lucrative investment opportunities in Nakheel developments, with specific emphasis on return on investment (ROI) for various property categories, such as apartments and villas.

How did Nakheel rebrand in 2022?

In 2022, Nakheel underwent a rebranding initiative under the leadership of Mohammed Ibrahim Al Shaibani. The company revived frozen projects like Deira Islands and relaunched the Palm Jebel Ali project, offering buybacks to investors.

What is the significance of Nakheel's location planning?

Nakheel strategically selects locations for its developments, often choosing prime areas that enhance the overall appeal of its projects. Proximity to key amenities, transportation hubs, and iconic landmarks is a common consideration.

What are some recent developments by Nakheel?

Nakheel has recently launched projects like the Palm Jebel Ali, involving the construction of 1,700 villas and 6,000 apartments. Additionally, the company has revitalized frozen projects like Deira Islands.