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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.
DW ups commitment with asset sales plan
Assets to be transferred are Nakheel Harbour & Tower land, land at its Waterfront development which forms the security for the 2011 sukuk (an Islamic bond), Dubai World’s 50 per cent stake in its Al Mamzar joint venture, Dubai World’s 99 per cent
Nakheel Harbour and Tower, 1000m
Nakheel Harbour & Tower is located in the heart of ‘new Dubai’
Inspired by Islamic design and geometry.
