Dubai’s Property Giants Come Together to Form a Real Estate Powerhouse
In a major development for Dubai’s real estate sector, Nakheel and Meydan – two of the emirate’s largest property developers – have merged under the umbrella of Dubai Holding.
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The announcement was made by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai
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Nakheel and Meydan are renowned for developing some of Dubai’s most iconic projects.
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Nakheel is best known for building expansive communities on reclaimed land such as Palm Jumeirah, The World islands and Dubai Islands.
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By coming together under Dubai Holding, the combined real estate assets of Nakheel and Meydan will be worth hundreds of billions of dirhams.
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The merger aims to streamline operations and create synergies between the three companies.
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