Thursday, 7 July 2011

Nakheel and Limitless fade into history in Dubai restructuring « ArabianMoney

Nakheel, the company that once boasted that it got the vision of Dubai built, and Limitless whose name said it all, are to disappear with their demerger from the the Dubai World conglomerate and the transfer of legal ownership to a new Dubai Government entity.

Dubai Real Estate Corporation was formed last month ‘to own and manage the properties registered in the name of the Government or any of its departments’. It has not been announced whether the Nakheel and Limitless trading names will ever be used again for property development in the emirate.


1 comment:

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