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Wasl is a semi-government entity established on May 25, 2008, by the Dubai Real Estate Corporation (DREC) to oversee the development and management of its assets. [4] It was created following the merger of two public sector organisations: Dubai Development Board and Real Estate Department.
Nakheel Properties (Arabic: نَـخٍـيْـل, romanized: nakhīl, lit. 'palm tree') is a real estate development company based in Dubai, United Arab Emirates. [3] The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise.
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
The company is also responsible for implementing Hala China, a joint initiative by Meraas and Dubai Holding [46] which is aligned with Dubai's Tourism Vision 2020 and aimed at enhancing economic and cultural exchange to drive investment cooperation between Dubai and China. The initiative seeks to attract Chinese visitors and investors to Dubai.
Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
In March 2022, Tiger Group launched its new project, the Cloud Tower, in Dubai, with investments valued at $109 million. In April 2022, the Group donated $1.6 million to support the #1BillionMeals initiative. [6] [7] In 2024, Tiger Group's real estate arm Tiger Properties announced Tiger Sky Tower, a billion dollar residential tower in Dubai.
Deyaar was later established as a private shareholding company on January 6, 2001, with a paid up capital of AED 18.38 million, and commenced operations on June 1, 2003. In May 2007, Deyaar became a public joint-stock company and was listed on the Dubai Financial Market. [2] [3]