Lean, mean, Dubai world keen

The value of property in Dubai has probably fallen faster and further than most as a result of the global crisis. Dubai property developers are consolidating their efforts & Nakheel is the latest.

Nakheel is Dubai Worlds' real estate arm and company directors are exorcising some of its roles to ensure it remains fit for the current market place.

As part of the company’s restructuring a number of hotels and commercial properties have been transferred to Istithmar World, while the management of Nakheel’s shopping centres are being handed over to Retailcorp World.

Real estate in the UAE is undergoing a radical exercise regime, with many developers restructuring to increase efficiency and cut costs. Such activity is seen as being essential to survive the current market, and hopefully create business entities that will prove to be unstoppable in any future market recovery.

What doesn’t kill the market will make it stronger and once again Dubai leads the market with positive, forward thinking action.