 Luxury Real Estate: The goal of Nakheel is to
make Dubai one of the largest tourist destinations of
the world. The progressive United Arab Emirates-based
firm currently has 16 developments total to date. With
diverse holdings, the organization is involved in
residential, commercial, retail, and leisure projects.
The company is very big on large, as the Ibn Battuta
Mall is the world's largest themed mall. The Dubai
Waterfront will be world's largest developed
waterfront property, providing one-half million
residences. The Palm, which is a three-part project,
comprised of The Palm Jumeirah, the Jebel Ali and The
World, Nakheel, is being built on the largest three
manmade islands of the world (in the middle of a
desert!). Nakheel, which operates under the corporate
umbrella of Dubai World, is the largest development
company in the UAE, and Dubai World is among the
world's largest holding companies with approximately
50,000 employees.
The Ibn Battuta Mall has over 275 retail outlets,
5,000 parking spaces, and is built on over 3.5 million
square feet with 1.2 million square feet of retail
space. The mall's namesake, Ibn Battuta, is a 14th
century Arab adventurer, and the six themed retail
courts are based upon the countries to which he
traveled and explored. Finally, history and retail are
seamlessly joined. The Palm, which is only one-third
complete, will have at least 100 luxury hotels, 10,000
exclusive residential beachside villas, and 5,000
shoreline apartments upon completion. Extensive
recreation area, restaurants, water parks, shopping
malls, sports facilities, health spas, and cinemas
also will dot the vast, luxurious and diverse
mixed-use development. The Palm will increase the
shoreline of Dubai by more than 323 miles (520
kilometers).
Projects by Nakheel have garnered a lot of attention
from recognized luminaries of entrainment and sports.
A reality-based TV series based on The Palm Jumeirah's
famous residents and investors would likely be a smash
hit. The visionary company is doing more than
developing properties. It is constructing history.
For LxM James Rothaar
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