Emaar Today and Nakheel Tomorrow?
May 7th 2008 12:34 pm By Web Development in India
Dubai now has a wealth of differing property developers, and property options here are all the better for it. But despite the best efforts of Damaac, Vakson, ETA Star and others, it’s still the two big boys that get the most mentions. I am of course referring to the Dubai property giants Emaar and Nakheel. If there is a development that is causing a commotion and generating high levels of interest, then chances are one of these two will have something to do with it. Both Nakheel and Emaar continue to dominate the free hold property market here, so must be doing something right!
Emaar kicked everything off for the Dubai freehold property market when it came to plan the Dubai Marina. Emaar is the master developer behind the huge project which now includes buildings from a wide number of other property developers, the results of which come together to form one of the hottest property areas around. They have continued to build upon this great start, and are now behind the breathtaking Downtown Burj Dubai development, of which the centre piece is off course the world’s tallest building, the Burj Dubai! Emaar was also responsible for the first completed freehold project in Dubai, the Greens, which still remains incredibly popular today. Emaar have placed a strong focus on building villas, with The Springs, The Meadows, Arabian Ranches and the prestigious Emirates Hills all of their doing. Needless to say they have been the main driving force in the Dubai property market since the beginning, and look set to continue this way.
And then there is Nakheel. Chances are you will have heard of some of their developments! With all three Palm Islands to their name, along with the even more exclusive The World islands, they are rarely out of the property headlines. Nakheel offer a truly wide range of property, from some of Dubai’s cheapest, to some of the most expensive. With International City and Jumeirah Village, they have given the Dubai market some much needed affordable freehold property. And with The World and the Palm, some of the most expensive and most talked about. And they are not content to just leave it with that. With other massive construction projects in the pipe line, like the Dubai Waterfront, and the Palm Jebel Ali and Deira, Nakheel looks to have a very strong future ahead of it.
