Nakheel Properties was founded in 2000. It is a Dubai based company led by the Chairman Ali Rashid Ahmed Lootah and the CEO Sanjay Manchanda. Nakheel's portfolio includes Leisure properties, Residential properties, Retail and Hospitality projects in Dubai, UAE. Nakheel Properties has developed master developments which are quite famous worldwide. The list of portfolio includes The World, Palm Jumeirah, Jumeirah Village, Jumeirah Heights, Jumeirah Islands, Jumeirah Park, Deira Islands, The Gardens, Nad Al Sheba, Al Furjan, Warsan Village, Discovery Garden, International City & Dragon City.
Nakheel is one of the world's most dominanted property developers based in Dubai, United Arab Emirates. The key players of 21st century in realizing the vision of Dubai by creating a world class destination for living, business and tourism.
The Company being leading developers was founded in 2009 by the owner and chairman 'Ali Rashid Lootah' and the CEO is sanjay Manchanda. Over the past 19 years, Nakheel offers new and exciting living concepts to markets across the world and become the region's most leading developer of bespoke homes and luxury destinations. The Company cemented its place as the prime developers in the region, who delivers and continues to enhance an iconic portfolio of innovative landmark off plan projects in Dubai across a range of sectors including residential, commercial and leisure.
The Current portfolio of master developments in Dubai includes Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, and Jumeirah Park, Jumeirah the World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, International City and Villas at Nad Al Sheba. Till now the company has provided homes for over 200,000 peoples, together these span more than 14,000 hectares.
Palm Jumeirah is an artificial archipelago. It has been divided into many clusters which consist of villas and apartments. Palm Jumeirah is constructed on the Persian Gulf and has outstretched itself till Dubai Shoreline. Palm Jumeirah is the smallest island of the trilogy constructed on the Persian Gulf that is Palm Deira and Palm Jebel Ali. Most of the luxurious apartments of off plan projects in Palm Jumeirah are located right in front of the ocean that provides a heavenly beach home for its residents. The area is given a shape of a palm tree with a crescent-shaped water barrier which holds a symbolic importance in the real estate market of Dubai.
There are many more projects related with future and current retail developments, include Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria, Nakheel Mall, The Pointe, Deira Mall, Deira Islands Night Souk, Warson Souk, Al Khail Avenue, The Circle Mall and Nal Al Sheba Mall as well as major extensions to Dragon Mart and Ibn Battuta Mall.
The Company's net profit till 2015 is AED 4.38 billion. It is increased in the first quarter of 2017 by 3 percent i.e. AED 4.96 billion in 2016.
A truly customer centric approach that meets the increasing demand for quality construction, the company has staff strength of overall 1000-5000 employees and full-fledged academy to impart training on different technical and behavioral aspects.