Dubai-based Nakheel tops list of big development owners in UAE

Dubai's leading real estate developer, Nakheel tops the list of big property owners in the UAE with $98 billion (Dh360.44 billion) worth of projects, according to dmg world media Dubai, the organisers of Big 5 Exhibition.

Nakheel's biggest projects include Palm Deira, the World, Dubai Waterfront and Nakheel Harbour and Tower development. Meeras' sole development is the Jumeirah Gardens project. Dubai Department of Civil Aviation has the Dubai World Central airport development and Tatweer has multiple Dubailand developments. Abu Dhabi's Aldar has the big Yas Island and Al Raha Beach developments. Dubai organisations top the Big 5 project owners list.

A Belgian dredging company is the top principal contractor; US companies led by Hill International dominate The Big 5 project managers while Abu Dhabi Commercial Bank is the leader in terms of project financiers. The rankings are based on analysis of active construction projects currently underway in the UAE across the oil and gas, petrochemical, civil construction and, power, water and industrial sectors and contained within the database of Proleads, the research partner of The Big 5.