Nakheel Properties

Nakheel is a Dubai-based master developer and, in its own words, "a member of Dubai Holding". Press releases describe it as a member of Dubai Holding Real Estate. Sheikh Mohammed bin Rashid Al Maktoum announced on 16 March 2024 that Nakheel and Meydan would become part of Dubai Holding and that their boards would be abolished. Nakheel was earlier part of Dubai World, and Gulf News reported that the Government of Dubai acquired it from Dubai World in 2011. Nakheel's portfolio covers villas, townhouses, apartments, plots and hotel residences.

Dubai Holding Real Estate is led by its Chief Executive Officer, Khalid Al Malik, whom Dubai Holding's leadership page also lists as Managing Director. Amit Kaushal is Group Chief Executive Officer of Dubai Holding.

• Type: Dubai master developer

• Ownership: member of Dubai Holding Real Estate, within Dubai Holding

• Company's own scale figures (undated): 15,000 hectares of master developments and about 700,000 people living in its communities

• Waterfront developments: Palm Jumeirah, Palm Jebel Ali, Dubai Islands, The World

• Other developments it lists: Jumeirah Village Circle, Jumeirah Village Triangle, Jumeirah Islands, Jumeirah Park, Al Furjan, Discovery Gardens, International City

• Also on its list: Meydan and District One

• Retail: Palm Jumeirah Mall (formerly Nakheel Mall), Ibn Battuta Mall and Dragon Mart are listed by Dubai Holding Asset Management, not Nakheel

Prices and availability change with each release, so ask our team for current figures.

Handing over, according to Nakheel.

• Jebel Ali Village: began handing over 892 homes, announced 17 August 2026.

• District 11 Opal Gardens in Meydan: 435 villas and townhouses, both phases shown at 100% with handover in progress, though Nakheel's menu still files it under Under Construction.

• Tilal Al Furjan: shown at 100% with handover in progress.

Listed under Latest Handovers, with no date on the page. Murooj Al Furjan, Lagoon Views and Canal Front Residences.

Developments on Nakheel's own list. Nakheel doesn't state a completion status for these, and later phases or other developers' buildings may still be under way.

• Palm Jumeirah: home to about 25,000 people, by Nakheel's figure.

• Jumeirah Islands: 46 islands with lakes, in a gated community.

• Jumeirah Park: over 3,000 villas, 5 minutes from Jumeirah Lake Towers by Nakheel's timing.

• Jumeirah Village Triangle: more than 13,000 villas, townhouses and apartments.

• Discovery Gardens: more than 26,000 apartments.

• International City: over 22,000 residences in 10 country-named clusters.

• Al Furjan: four-bedroom villas and three-bedroom townhouses.

Nakheel's pages show its own inspection figure beside the Real Estate Regulatory Agency's (RERA). Dates differ, so the figures aren't directly comparable. None of these progress pages gives a handover date.

Palm Jebel Ali. Nakheel's progress page shows 42.36% overall for Fronds K to P, with no inspection date beside that figure. Its RERA note for those fronds gives an inspection date of 5 August 2026, but no percentage appears in the text we read. It shows 13.28% for Fronds A to F, while its note gives RERA's 18 June 2026 figures of about 4% for each of those fronds. The page doesn't explain the gap. Nakheel said in August 2026 that 728 villas on Fronds K to P had entered finishing and that a phased handover of the first villas should begin in late 2026 and continue through 2027. Contracts awarded in April 2026 for 544 villas on Fronds A to F target completion in Q4 2028.

Rixos Hotel & Residences, Dubai Islands. Listed under construction. We didn't find a percentage on the page we read.

These are recent releases. Nakheel's announcements below give no price. Check dates against your sale and purchase agreement.

• Bay Estate, Dubai Islands: unveiled 5 October 2026, about 360 three- and four-bedroom homes plus beachfront and waterfront plots.

• Bay Grove Residences, Dubai Islands: 1,154 homes in 15 buildings. Main contracts are awarded. Phase 2 main works are expected by late 2028 and Phase 4 completion in Q2 2029.

• Palm Central Private Residences, Palm Jebel Ali: 222 residences in three buildings, first released in October 2025, with another phase in June 2026.

• Frond F villas, Palm Jebel Ali: 44 beachfront villas with five to seven bedrooms, released 20 August 2026. The release gives no Frond F date. April 2026 contracts for 190 villas on Fronds E and F target Q4 2028; we haven't confirmed these 44 villas are among them.

Not a Nakheel project. Aldar and Dubai Holding announced a waterfront joint venture on Palm Jebel Ali in February 2026, with sales expected to begin in 2027. Aldar handles design, construction, sales and management.

What supports it. Nakheel's own list includes large communities people live in today, and it announced handovers in 2026. RERA inspection figures are shown beside its own on its progress pages, each with its date. The National reported in January 2026 that inspection reports put 108 villas on Palm Jebel Ali's Frond O at 21.9% in October 2025, on track for late 2027.

What limits it.

• Palm Jebel Ali work began in 2002, paused in 2008 during the financial crisis and was relaunched in 2023, according to The National. In 2009, Khaleej Times reported that about 60 investors protested at the Dubai Land Department over delays.

• According to listing data updated in October 2025, Palm Beach Towers was due in Q1 2026. In May 2026, Nakheel said its 16 Podium Villas in Towers Two and Three were expected to hand over in H1 2027, and gave no date for the wider project. Its September 2026 inspection put the project at 87.84%, and RERA's August 2026 figure was 79.55%. We haven't seen the contract dates.

• We found no independent on-time delivery record, and no 2025 or 2026 press report of delays. Neither proves anything either way.

What protects a buyer. Off-plan payments go into an escrow account dedicated to the project, and an off-plan sale that isn't registered is void. These rules don't guarantee a date, a price or a resale value. Before reserving, check the project in the Dubai Land Department's project status service, confirm the Oqood registration, and read the handover and delay clauses in the contract. Our off-plan buyer's guide and Palm Jebel Ali and Palm Jumeirah comparison go further.