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Sun 1 Apr 2007 04:32 PM

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Nakheel Retail formation

The creation of a new property division, Nakheel Property will see Dubai World's retail activities centralised under the Nakheel banner.

The creation of a new property division, Nakheel Property will see Dubai World's retail activities centralised under the Nakheel banner.

Nakheel Retail will provide planning, development and management services to the Dubai World group of companies.

Projects currently being developed by Nakheel Retail include retail developments on the Palm Jumeirah and local convenience malls within Nakheel's residential developments.

Chris O'Donnell, Nakheel chief executive said: "Dubai World is committed to the development of world-class shopping facilities to meet the varying needs of our residential customers."

Nakheel will also oversee the development of the Dubai Design Centre, planned as the region's largest home furnishings shopping centre.

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