A New Year should be a new start for Nakheel

Peter Hudson

Sanjay Manchanda is a refreshing change from those who were previously running Nakheel and brought it to ruin.

Real Estate is a simple business but it's an unforgiving business.

2+2 is always 4 and never 22. Never has been and never will be! Sanjay Manchanda knows that. He also knows Nakheel has a very long way to go before it's able to get over its customer relations and financial management fiascos and salvage even a small measure of credibility.

Ronald

The first order of business for Sanjay Manchanda this year should be to fire his spin advisors, who have led him down a woeful path of confrontation and hectoring. He presides over a company that single-handedly destroyed Dubai's reputation yet he continues to tell investors it is their indaba that he can't pay bills of finish projects. By being aggressive and insensitive he has drawn the battle lines, and the media will be unforgiving, even when he turns a profit.

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Features & Analysis
Time to invest?

Time to invest?

Foreign investors are seeing Qatar as an ideal place to purchase...

1
Heading for a correction?

Heading for a correction?

Property prices may have held relatively steady in Lebanon during...

1
Emaar's 'city of the future' explained

Emaar's 'city of the future' explained

The Iraqi city of Erbil is aiming to build on Dubai’s rapid march...

1
Most Discussed