Nakheel cancels Trump project on Palm
Nakheel has cancelled plans to build the Trump International Hotel & Tower on the trunk of the Palm Jumeirah in Dubai. “We have to be realistic about these projects now,” Mr Lootah said yesterday, referring to audacious plans such as the Palm Jebel Ali artificial island and the 1km-tall Nakheel Harbour and Tower. “There is no market demand for them. We will be selective.”
Dubai Metro: Pulling out all stops
Passengers during rush hour at Nakheel Harbour and Tower Station. The Roads and Transport Authority said a total of 30 million passengers have used Dubai Metro since first began operations. Dubai Metro is a driverless, fully automated Metro network built at a cost of Dh28 billion. The number of stations which are currently operational on the Red Line number 21, from a total of 29.
Nakheel Harbour & Tower – Woods Bagot
The Nakheel Harbour & Tower offers the ultimate symbol of Dubai’s evolution as a commercial and cultural capital, according to project designers Woods Bagot. The Nakheel Harbour & Tower design has been founded on the influence of Islamic tradition to produce an aspirational display for the region.
Nakheel Harbour & Tower, Dubai
Nakheel Harbour & Tower will be Dubai’s new capital with a thriving harbour and vibrant social scene. Encompassing more than 270 hectares, this mixed-use development will be located in the heart of New Dubai, and will include the world’s tallest building, a harbour, cultural podium and two residential districts.
Nakheel bank debt $10.5 bln, to get assets-document
Dubai’s Nakheel has $10.9 billion of bank debt and will receive key assets from parent company Dubai World for its business plan after separation, a restructuring document showed on Wednesday.
Dubai World mulls sale of prize assets to pay debts
The documents also said Dubai World planned to transfer assets to Nakheel after their planned separation, including land earmarked for the Nakheel Harbour and Tower and the massive Waterfront development near the border with Abu Dhabi.
Accommodation
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Mövenpick to open four Dubai hotels in six months
AS THE global hospitality industry continues to ponder the pace of business, Mövenpick Hotels & Resorts, in partnership with real estate developer, Seven Tides, prepares for the opening of more than 1,000 rooms over four properties in Dubai, UAE.
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Business & jobs
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Nakheel bank debt $10.5 bln, to get assets-document
Dubai’s Nakheel has $10.9 billion of bank debt and will receive key assets from parent company Dubai World for its business plan after separation, a restructuring document showed on Wednesday.
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Construction and technology
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Dubai Metro: Pulling out all stops
Passengers during rush hour at Nakheel Harbour and Tower Station. The Roads and Transport Authority said a total of 30 million passengers have used Dubai Metro since first began operations. Dubai Metro is a driverless, fully automated Metro network built at a cost of Dh28 billion. The number of stations which are currently operational on the Red Line number 21, from a total of 29.
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Skyscrapers
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‘Spiderman’ arrested for scaling Sydney skyscraper
Alain Robert, known for climbing some of the world’s tallest and best-known buildings without ropes or other equipment, was arrested at the top of the Lumiere building downtown. He climbed the building in about 20 minutes, as dozens of people watched from below.
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