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
Trump casino resort business files for bankruptcy

Trump casino resort business files for bankruptcy

The Donald founded the companies but is now suing them to have...

Do celebrity branded projects ever work?

Do celebrity branded projects ever work?

The long list of celebrity-endorsed real estate developments...

1
Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

3
Most Discussed
  • 16
    Emirates could offer cheaper fares by April

    I was an avid traveller on Emirates, very good service a few not so good times but hey it can happen with any airliner. Now since the last 2 years, i've... more

    Tuesday, 27 January 2015 7:30 PM - Arjun
  • 9
    Expat dies after car plunges from high rise car park in Abu Dhabi

    It looks like the small black/yellow barrier worked like a ramp when the car was reversing and lifted it over the very short outside wall. Very very dangerous... more

    Tuesday, 27 January 2015 12:47 PM - Klaus B.
  • 8
    Rise of the Islamic fashion industry

    It feels great to see that many fashion designers are coming with with the new trends of Muslim clothes. Along with abaya addict, i love the designs offered... more

    Tuesday, 27 January 2015 12:46 PM - Hafeeza Noor