Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
Nakheel merges with DMCC property arm
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 1 June 2009
Page 1
Results 1 to 7 of 7
Posted on Monday, 1 June 2009
Curious
Posted by Richards at 16:34 UAE time
In mid 2006 the masterdevelopment Jumeirah Lake Towers was owned by Nakheel and transfered to DMCC ( DMCCA). The whole management from Nakheel for JLT ( Brian Wilson and others) was also tranfered to DMCC. So nothing changed generally.
What should be the difference now ?
CLICK HERE TO POST A COMMENT
Other People Money
Posted by Alex at 13:07 UAE time
Silly rabbits,
You missed the point, do you actual believe that they do not understand the concept of "Economies of scale" and they need your advise!!!!!!!!!
The whole idea of having several companies is to eventualy build up their "Value!!!!!" and flogged them to naive people through an IPO.
Get it!!!!!!!!!!!!
Great play, can I please get a job with these guys, I can really play this game. I'll work on a bonus basis alone.......
CLICK HERE TO POST A COMMENT
How about a little transparency
Posted by Geriant at 13:02 UAE time
"A strategic initiative of the Dubai government, The Dubai Multi Commodities Centre (DMCC) was created to establish a commodity market place in Dubai, and provide industry-specific market infrastructure and a full range of facilities for the gold & precious metals, diamonds & coloured stones, energy and other commodities industries.
Rated ‘A’ by Standard & Poor’s, the world’s foremost provider of independent credit ratings DMCC is a free zone authority offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options."
Including DIFC it seems nothing has ever been created NOT to be about property, which is why Dubai's credibility is reaching zero.
There seems to be a relentless PR campaign to tell the world how everything is fine, yet no facts are ever shared, and this dead-of-night merger is announced on a slow news day.
CLICK HERE TO POST A COMMENT
advertisement
DMCC is totally different from Limitless
Posted by Ray at 12:59 UAE time
Dear Readers, although DMCC and limitless are parts of Dubai World but they are totally different entities. DMCCC property is basically Jumeirah Lakes Towers which is a half decent project and hundreds of people live in the development already. I say half decent because DMCC is charging the residents annual maintenance fee to at least finance the development of the project. Dubai World property entities need to step up, as JLT still does not even have one grocery store to buy milk from!!!
CLICK HERE TO POST A COMMENT
Nakheel to merge with Limitless
Posted by Off to greener pastures at 12:05 UAE time
It could be called Nakheeless.
Then later it can be merged with Emaar and then Dubai would finally be Nakheeless - which is probably a good thing if reports of thier financial position are true.
CLICK HERE TO POST A COMMENT
Developers should follow
Posted by John H at 11:25 UAE time
Real estate developers operating in Dubai should merge to decrease operational cost and preserve cash. This will of course mean more staff made redundant however, on the long run, companies will emerge stronger
CLICK HERE TO POST A COMMENT
Nakheel to merge with Limitless
Posted by Greg at 10:24 UAE time
Is there any reason why Dubai World needs 2 real estate developers? Considering the state of economic disarray, it makes sense for both Nakheel and Limitless to merge. The merging of Dubai World companies is something that should have been done months ago.
CLICK HERE TO POST A COMMENT
Page 1
Mobile
