Home prices in Dubai have slumped by more than 30 per cent since 2014
Naaman Atallah, the former CEO of Piramal Realty in India, has been appointed to the role
Ready-to-occupy, family villas at Nad Al Sheba are particularly in demand
The salary cuts range from 30 per cent to 50 per cent for employees earning above Dhs4,000
Work on the mega development began in 2002, but construction was suspended after Dubai’s property market crash in 2009
The company made a net profit of Dhs 4.38bn last year
Nakheel awards Dhs 1.4bn contract for three-tower project in Palm Jumeirah
Nakheel’s current residential leasing portfolio comprises almost 17,000 units at across Dubai.
Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.