Big City Informer

Every project that Dubai has started, Dubai will finish. That is the strong message sent out to the world by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Shaikh Mohammad’s comments come as Dubai opens the first phase of Dubai World Central-Al Maktoum International [...]

Today the Dubai Government has confirmed that it will pour 9.500.000.000 US$ (yes, that’s 9.5 Billion US$) into Dubai World. This is one part of the Dubai World restructuring plan which will also allow work on Nakheel projects to continue. 8 Billion US$ of this money will be used for Nakheel, only 1.5 Billion US$ [...]

Nakheel, the Dubai based property developer and part of Dubai World, has to pay back part of a 750 million US$ bond in 7 days. Dubai World, Nakheel’s parent company,  is looking for a standstill of it’s 22 billion US$ debt. On the 19th of January Nakheel should pay back 10.3 million US$ for the [...]

A week ago, Dubai announced to the world that one of its largest entities, Dubai World, will be seeking a moratorium on its debt, believed to be somewhere in the range of $60 Billion. Soon after, various holidays around the world sent people home and the global markets headed south. Watching the news you would [...]

After Sheikh Mohammed bin Rashid Al Maktoum officially opened the Dubai Metro on the 9th of September 2009 the Dubai Informer team was excited to test it on its own. We decided Friday would be a good day. Friday morning, everything prepared and the videocamera fully charged we headed to Deira City Center, parked the car [...]

Herve Jaubert, a French spy who left espionage to make leisure submarines for the wealthy, was riding high. bankrolled by Dubai World, a government-owned conglomerate, he built a submarine workshop on the Persian Gulf, lived rent-free in a villa with a pool and tooled around town in a red Lamborghini. He had two Hummers. He vacationed [...]

The cash-strapped Dubai owner of the QE2 is weighing plans to open the British ocean liner as a floating hotel elsewhere in the Middle East or Africa rather than in the struggling Persian Gulf sheikdom. In an email Sunday, ship owner Nakheel told The Associated Press that other ports have expressed interest in hosting the vessel [...]

A new resolution issued by Lt. General HH Sheikh Saif bin Zayed Al Nahyan states that foreign

If you have invested in a development in Dubai that has since been cancelled by the emirate’s property regulators, don’t despair – new rules have been announced that will ensure investors receive a full refund. All cash paid by buyers on property development projects that are officially cancelled by The Real Estate Regulatory Authority (RERA) will [...]

Cirque du Soleil, who in partnership with Nakheel brought Alegría to Dubai, has underlined its position as one of the leading global entertainment productions in the world following a hugely successful month-long run. Over 75,000 people across the region watched the award-winning show and in the process helped to make Alegría the number one must-see event [...]

Despite rumors to the contrary, it looks as if Queen Elizabeth 2 will still be transformed from a classic ocean liner into a floating luxury hotel. Nakheel, the Dubai-owned developers on the task, says that it remains steadfast in its dedication to the project. In response to media speculation regarding the plan in the wake of [...]

Dubai’s population is continuing to grow, a government official said yesterday, despite reports that the economic downturn has resulted in the loss of thousands of jobs. The emirate issued 1,000 more visas a day than it cancelled last month, Raed Safadi, the chief economist for the Government of Dubai, said yesterday at a conference. “They’re still positive,” [...]

The Palm Jumeirah Monorail, which is slated to be operational in April, will have the capacity to carry some 40,000 passengers around the island on a daily basis. “We have been testing the Palm Monorail successfully and we are delighted to announce that it will be open for visitors and residents of Palm Jumeirah from April [...]

A 13ft whale shark that has spent weeks as the star attraction in a huge tank in the lobby of a luxury hotel is to be freed after a campaign that included protest songs and the setting up of a “Free Sammy” page on Facebook. Since the £950 million Atlantis hotel opened in Dubai last [...]

Nakheel, a Dubai World company and one of the world’s largest and most innovative real estate developers, today announced that 2008 sales to date are showing a threefold increase on 2007′s full-year figures. Nakheel’s portfolio, conservatively valued at US$80 billion. Till date, more than 6,100 Nakheel units in Dubai have been sold (97%) or reserved [...]

Real estate developer Limitless, part of the Dubai World conglomerate, has started work on its ambitious 75-kilometre Arabian Canal project. The waterway will flow inland from Nakheel’s Dubai Waterfront development in the Jebel Ali area to a point near the Palm Jumeirah man-made island. Up to 150 metres wide and six metres deep, the $11 [...]

Cunard Line today announced the sale of QE2 to Dubai World, in a US$100 million deal which will turn the iconic liner into a first-class tourism destination at The Palm Jumeirah in Dubai.QE2 will be delivered to Dubai World in November 2008, where she will cease her role as an ocean-going passenger vessel and be [...]

Nakheel, the UAE’s leading developer, has unveiled a revised design for the trunk of The Palm Jumeirah masterplan incorporating major waterfront leisure facilities, including marinas, beachfront hotels and shoreline clubhouses, that have been announced since the original concept design was revealed in 2001. In order to achieve a better balance between waterfront leisure and recreational [...]

The Spirit of Dubai Airship celebrated reaching the midway point of its landmark journey from London to Dubai in spectacular style by flying over some of Rome’s greatest landmarks. The airship, whose journey is marking the first residents moving into The Palm Jumeirah, circled over some of history’s greatest monuments including the Colosseum, the Trevi [...]

Palm Jumeirah, a man-made island off Dubai, is bracing for the arrival of its first residents, even as questions remain about the environmental impact of the mega-projects under way in the Gulf city state. “These projects are a positive thing for the country” since they have propelled Dubai to world fame, said environmentalist Ibrahim Al [...]