Construction firm Larsen & Toubro will build a residential complex on Dubai's Jumeirah Islands.
Reuters, Wednesday, 25 April 2007, ArabianBusiness/News
Serco is to sell its 49% stake in Serco Gulf to joint venture partner investment company Istithmar.
ArabianBusiness.com staff writer , Tuesday, 01 May 2007, ArabianBusiness/News
The largest of Dubai's trio of manmade islands is to be shortened by 5km but will have more beach areas.
James Bennett, Tuesday, 01 May 2007, ArabianBusiness/News
ATM Special: Nakheel signs deal with Cirque du Soleil to have a permanent venue in the emirate.
James Bennett, Tuesday, 01 May 2007, ArabianBusiness/News
Nakheel has announced a groundbreaking joint venture with Indian hotel group Bharat Hotels (BH).
Andrew White, Wednesday, 02 May 2007, ArabianBusiness/News
India's Larsen & Toubro has won a US $49 million (AED179 million) contract from Nakheel to build a residential project on Jumeirah Islands.
ArabianBusiness.com staff writer , Saturday, 05 May 2007, ArabianBusiness/News
Islamic loan will be used to finance projects in UAE including Dubai Waterfront and Palm Deira.
Reuters and Rob Corder, Wednesday, 02 May 2007, ArabianBusiness/News
The pieces of the jigsaw that is Dubai are rapidly fitting into place.
James Bennett, Sunday, 06 May 2007, ArabianBusiness/Comment
Property giant Nakheel is to build a state-of-the-art facility to accommodate construction workers.
Andrew White & James Bennett, Sunday, 06 May 2007, ArabianBusiness/News
Rumours are quashed that rocker Tommy Lee has bought an island retreat in Dubai for ex-wife Pamela Anderson.
Rob Corder, Friday, 04 May 2007, ArabianBusiness/News
UPDATE: A fire on the man-made island has engulfed two buildings under construction and injured three people.
James Bennett, Safura Rahimi, Dylan Bowman and Reuters, Sunday, 06 May 2007, ArabianBusiness/News
A workshop to organise the development process between investors and Nakheel kicks off the Dubai Waterfront handover.
ArabianBusiness.com staff writer , Tuesday, 01 May 2007, ArabianBusiness/News
Olive Group will undertake security risk work at the Tall Tower, Dubai Waterfront.
ArabianBusiness.com staff writer , Saturday, 12 May 2007, ArabianBusiness/News
MEP contractor believes spark could have landed on materials in storage area.
A love for originality coupled with a drive to conquer new markets, makes Alfred Johnson a formidable prospect.
As global warming begins to take a hold on the world, renewable energy is a topic that is on everyone's lips. But what does the future hold for these new technologies in the Middle East market?
ArabianBusiness.com staff writer , Saturday, 19 May 2007, ArabianBusiness/Features
Bassam Samman, CEO, CMCS, talks to Conrad Egbert about the growing need for project and risk management solutions on construction projects, as an increasing number of variables present themselves to the parties involved in the procurement process.
The properties giant is bringing in a team of international experts to review its projects' environmental aspects.
ArabianBusiness.com staff writer , Saturday, 26 May 2007, ArabianBusiness/News
Nakheel has formed a strategic alliance with the Dubai Electricity and Water Authority to discuss future utility requirements on its various ongoing projects.
ArabianBusiness.com staff writer , Saturday, 26 May 2007, ArabianBusiness/News
Zabeel Investments teams up with Sembol Construction to form ZSML, which will hunt for projects within the UAE.
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 !!??