Nakheel has awarded the first building contract for homes at Dubai Waterfront to the Mammut Group.
Hugo Berger, Saturday, 15 December 2007, ArabianBusiness/News
Dubai World consolidates hotel business under one banner.
State conglomerate's companies will continue to grow organically, says DP World executive.
Dubai-based developer reveals latest waterfront real estate project.
Joe Mortimer, Wednesday, 09 January 2008, ArabianBusiness/News
WORLD EXCLUSIVE: Last rock is placed to complete iconic 300-island project in Dubai five years on.
Talal Malik, Thursday, 10 January 2008, ArabianBusiness/News
WORLD EXCLUSIVE: First aerial photograph of Nakheel's completed manmade archipelago in Dubai.
Talal Malik, Sunday, 13 January 2008, ArabianBusiness/News
Sara Moore, principal and board of directors, tells COD about Burt, Hill's rapid growth in the Middle East, and the firm's plans to bring a little piece of New York to Jebel Ali Village.
ArabianBusiness.com staff writer , Tuesday, 15 January 2008, ArabianBusiness/Interviews
The rise in construction-related deaths is not a problem specific to Dubai.
Nakheel has set up a training school providing health and safety courses for construction firms.
ArabianBusiness.com staff writer , Saturday, 19 January 2008, ArabianBusiness/News
EXCLUSIVE: A single island on The World is to go on sale for $263mn.
Tamara Walid, Thursday, 17 January 2008, ArabianBusiness/News
UPDATE: Developer to build manmade islands that will stretch from Palm Jumeirah to Palm Deira.
Arabian Business gives you a glance of the first pictures of the successfully completed 'World.'
Talal Malik, Sunday, 20 January 2008, ArabianBusiness/In Pictures
Dubai property firm says initiative aimed at raising environmental awareness.
Once the preserve of the ruling Chinese dynasties, Feng Shui is now a global phenomenon impacting interior designers in the Middle East. By Adam Dawson
Adam Dawson, Sunday, 20 January 2008, ArabianBusiness/Features
Nakheel to turn port into mixed-use waterfront development thatwill house up to 200,000 people.
EXCLUSIVE: Launch of The Universe raises concerns among buyers of The World's islands.
Talal Malik, Monday, 21 January 2008, ArabianBusiness/News
Dubai property developer lists US$750m Islamic bond.
Mark Leale, sales and marketing director of Luxury Homes in Dubai explains how his company is taking the pain out of house hunting for buyers in the UAE.
ArabianBusiness.com staff writer , Thursday, 10 January 2008, ArabianBusiness/Interviews
EXCLUSIVE: Firm took out injunction against Dutch broker using Palm name last year.
Rob Corder, Tuesday, 22 January 2008, ArabianBusiness/News
Nakheel plans to build a second labour complex in Dubai to accommodate construction workers.
Comments 1-10 of 10
Posted by Yasmin, Dubai, UAE on 26 June 2009 at 20:16 UAE time
Discovery Gardens apartments are big and spacious, yes. But are they comfortable to live in - no. The drains and toilets smell revoltingly bad 24/7. There are leaks from various places in the ceilings that never seem to be able to be fixed no matter how many times maintenance come to 'fix' them. Our bath has black marks on it that can't be removed no matter what we try. The floor tiles are covered with marks and scuffs. The bathroom doors don't close properly. When the AC is on you can smell cigarette smoke, garlic, onions, you name it from neighbours apartments.... I could continue, but it would get boring. Are we going to renew our lease when it expires? NEVER. Not even if it dropped to below half of the price of what we're paying now. I'd not recommend Discovery Gardens to anyone.
Posted by Alex, Dubai, UAE on 23 June 2009 at 10:34 UAE time
The Charges are unexpectedly high compared to others, also after paying such huge charges there is no satisfaction from the NAM. I have complained once for some A/C leak and it took more than a week to the maintanence team to come and fix it and such time i was leaving in hot condition without the A/C. This is what you pay for such huge maintanence charge to leave in this hot summer days. Where is the maintanence charges fullfilment? Disgusting.
Posted by pest off, uae, uae on 23 June 2009 at 01:53 UAE time
i think nakheel they confused between jbr next to the SEA and discovery garden in the DESSERT, so PLEASE NAKHEEL CAN YOU NOTE DOWN THAT JBR SERVICE CHARGE IS DHS. 15 AND NOW YOU ASKING THE PEOPLE IN THE DESSERT TO PAY YOU 25....PLEASE WAKE UPPPPPPP HELLOOO !!!!!!!!!! ANY BODY HOME
Posted by fohseno, dubai, uae on 23 June 2009 at 01:32 UAE time
they told us the swiming pool gonna be ready in 2-3 month, its been 9month and nothing
even we were playing in tennis court near B68, but they have closed it since 3month becuz some light problem, they said we cant fix it, NAKHEEL cant fix a light problem.
Posted by in the know, dubai on 22 June 2009 at 19:09 UAE time
I am a career real estate professional, I've been in the Dubai RE market for over five years, and I personally know some of the Nakheel Asset Management Team. I can certifiably say that this is a hoax. I personally conducted a study into the true service charge cost of a standard apartment building in 2005, and it amounted to AED5.5 per sq.ft. This included everything from security salaries to insurance and maintenance. While the world became more expensive since, it did not become so expensive as to justify a service charge of AED 25 per sq.ft at the Discovery Gardens. Let's face it, Discovery Gardens is no 'des res' (desireable residence). It isn't the nicest of all the possible ghettoes (did I say ghetto?) in the world. What's more, It's not as if Nakheel actually provide much services to the properties. Common areas are damaged and remain unfixed, lighting is often problematic, and the development is built underneath electricity pylons so that glow-in-the-dark children are going to be the 'must have' accessory of all residents.
The reason why Nakheel is charging so much is simple. It's not that it costs them so much. It's that they sold the properties at original prices of AED 300 per sq.ft, and watched as the market then speculatively drove them as high as AED 1000 per sq.ft, losing out on the profit therein, while at the same time incurring massive losses on their failures elsewhere, like their famous undercosting of the Palm Jumeirah project, or the infamous disaster that is Palm Deira.
Hiking up service charges to unjustifiable levels, and then using their unquestioned authority to force residents to pay these arbitrary amounts, is daylight robbery and is a clear attempt to recover the actual losses and opportunity losses that they have incurred.
Pay at your own will.
Posted by Lowai Alkawarit, Dubai, UAE on 22 June 2009 at 16:09 UAE time
The charges being paid at the first year in the discovery gardens are extremely high it’s more than what the luxury villa owners paid to EMAAR at the neighbouring developments?
More over it’s well known that at the first year after the property completion is under the defect liability period (dlp) and the contactors shall repair any defect or problems for free.
Posted by karel, dubai, uae on 22 June 2009 at 15:20 UAE time
Unfortunately, there is practically no service or maintenance.
The promised swimming pools are standing dry since 9 months.
Each building was supposed to have a concierge = not existing.
No owners associations created, no verifiable accounts.
What is this maintenance charge for?
Posted by Mohamed A, dubai, UAE on 22 June 2009 at 14:35 UAE time
i think from 15 to 10AED
Posted by Hans on 22 June 2009 at 14:07 UAE time
This is a positive development but we have to wait and see what it really means. The annual service charge has many components and amounts to almost AED 28/sqft. Is the AED 5/sqft reduction charge applicable on this total rate or a component?
At this point, given the terrible maintenance service, this reduction is not enough! It is still more expensive than Dubai Marina or JBR!
Posted by looking around, Dubai, UAE on 22 June 2009 at 12:33 UAE time
So what's the rate now????
was it 30 now 25, or 7 now 2 !!??