News from Dubai » Palm Deira

Nakheel to cut workforce

David — Mon, 12 Oct 2009 13:39:42 +0000

The Independent, a UK-based newspaper, reports today that Dubai’s Nakheel is about to slash 500 jobs.

The paper quotes the company response as, ‘Nakheel continues to evaluate its projects and commitments against market conditions and opportunities. In doing so, the company also evaluates its cost base and efficiencies.’

Nakheel Properties is a state-owned property developer. Major construction projects include the Palm Jumeirah, Palm Deira, Palm Jebel Ali, The World, Jumeirah Islands, Ibn Battuta Mall, Discovery Gardens, International City, and Al Furjan.

Nakheel puts mall plans on hold

David — Wed, 25 Mar 2009 15:12:19 +0000

Nakheel has announced that its massive mall expansion programme, announced last year, has been delayed by 12 months due to the current economic downturn.

In April 2008 the Dubai-based property developer unveiled plans that would make it the largest shopping mall developer and owner in the Middle East by 2012, and one of the largest in the world by 2018.

5 mega mall projects were announced, offering a total retail space of 13 million square feet:

• Palm Mall – Palm Jumeirah
• Palm Mall – Palm Deira
• Ibn Battuta Mall Phase II – doubling the size of the Ibn Battuta Mall
• India Mart – International City
• Great Dubai Mall – International City

New Ferry Service Announced

David — Thu, 05 Oct 2006 10:11:17 +0000

The Roads and Transport Authority has announced plans for a ferry service along the Dubai Creek. The new service will initially link the Gold Souk and Deira City Centre, but will later be extended to Dubai Festival City and Business Bay. Construction of the terminals will commence in 2007 and is expected to be complete by 2008. Plans for a coastal service linking Deira, the Palm Deira, the World and the Palm Jumeirah are also in the pipeline.