Dubai's real estate developers cut jobs in past weeks

March 07, 2019 |
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Investments
Dubai's real estate developers cut jobs in past weeks

Dubai: Nakheel PJSC and Majid Al Futtaim Properties LLC, two of Dubai’s biggest real estate companies, cut jobs in the past weeks, people familiar with the matter said.

State-controlled Nakheel, the developer of palm-shaped islands that teetered on the brink of default almost a decade ago, dismissed about 300 employees, the people said, asking not to be identified because the matter is private. It was part of the company’s plan to consolidate its operations, one of the people said.

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