Finance
Nakheel, Meydan Set to Become Part of Dubai Holding, Ruler Says
- Aim to form global economic entity, Sheikh Mohammed says
- Moves comes amid a surge in demand for Dubai property
Private residences on the Palm Jumeirah artificial island.
Photographer: Gabriela Maj/Bloomberg
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State-owned developers Nakheel and Meydan are to become part of Dubai Holding, according to the emirate’s ruler Sheikh Mohammed bin Rashid al Maktoum.
Sheikh Mohammed has directed the inclusion of Nakheel and Meydan “under the umbrella” of Dubai Holding, forming a “global economic entity,” he said in a March 16 statement posted on X, the social media site formerly known as Twitter.