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Nakheel Properties, a master developer of some iconic development projects in Dubai, such as the artificial archipelago, Palm Jumeirah, and The World islands, has witnessed growth after being affected a lot by the so-called 'Economic Crisis' that let it restructure its billions of debt from bank creditors in particular. Actually, in the wake of such crisis, it has successfully restructured its debt worth of billions; and at the same time it was set to be separated from its parent-company, Dubai World Holding, immediately after completing the deal with its creditors in August 2011.

Since then, the company has been restricted under the Government of Dubai so far. So, after such successful initiative, Nakheel is now experiencing positive outlook with regards to its financial problems. In fact, it has already paid some of its debts since last year. Then, it continued until the first nine months of the year in which a number of positive signs were shown. One of them was during the recently-launched Jumeirah Park project in Dubai that attracted a number of property investors. As a result, the company has taken deposits of more than AED1 billion worth of properties from the first phase of villas; for most of the investors purchased either one, two, or three-bedroom villas.

Moreover, as one of the participants of the Cityscape Global 2012 that was held last week in Dubai, Nakheel has received deposits for a total of AED977 million worth of 225 villas from its investors, which were marketed in the range between AED3.4 million and AED5.1 million. Based on the report, 202 of those villas were sold during the first day of launching in October 2012; while the remaining 23 were just sold at the above-mentioned property show.

According to Mario Volpi, Sales and Leasing Manager at Cluttons, Real Estate Company that has started its operation in the Middle East since 1976, he said that the deals are being done only for property which is located in well-established development. Furthermore, he concluded that despite its impressive property transactions during the aforementioned property event in Dubai, it was being compared to transactions in the month of September 2006, a year in which the bothering financial crisis has not yet stepped in at all.