Dubai Holding brings together Nakheel and Meydan under its arm. Ruler of Dubai directed the two companies to merge under his investment arm, Dubai Holding.
integration will pave the way for the creation of a more financially efficient entity with assets worth “hundreds of billions” and expertise covering various sectors. As part of the restructuring, the boards of directors of both companies will be abolished. The real estate market in Dubai has recorded a significant increase in demand in recent years, driven by influx of individuals from all over the world.