Nakheel Properties

Nakheel Properties (Arabic نخيل nachil, DMG Nahil, palms ') is a government project development and real estate company in Dubai, United Arab Emirates, which developed different economic activities on behalf of the Government of the Emirate of Dubai and managed.

Several offshore projects including Palm Islands, the Dubai Waterfront, The World and The Universe are supervised by Nakheel. Furthermore, Nakheel planned to build the Nakheel Tower a super tall skyscraper, which reach a height of more than one kilometer, and should be the largest building in the world. At the peak of the construction boom in Dubai wanted to outdo the rival Emaar Properties and its record-breaking skyscraper Burj Khalifa. The project was abandoned due to financial problems in December 2009.

Completed property projects are also The Gardens, Dubai International City, Jumeirah Islands and adjacent to the Dubai Marina Jumeirah Lake Towers. The shopping projects include the Chinese Dragon Mart in International City and Ibn Battuta Mall Mall.

Nakheel Properties acted first under the umbrella of the government-funded investment company Dubai World, was instrumental but also responsible for the financial difficulties in late 2009 and was taken over by the state of Dubai in mid-2011.

The Executive Chairman of Nakheel was first Sultan Ahmed bin Sulayem. Since March 2011, Ali Rashid Ahmad Lootah has taken over the position next to his vice - chairmanship of Mashreq Bank.