Nakheel to install Oracle applications

Nakheel, the Dubai-headquartered property developer, has decided to go with Oracle software to streamline its business processes.

Accordingly, one of its projects - The Palm - will implement three modules of Oracle's E-Business Suite - Oracle Financials, Oracle Property Manager and Oracle Telesales.

In addition, Nakheel is also deploying Oracle's applications to the rest of its projects such as The World, Jumeirah Island, Jumeirah Lake Towers, The Gardens, The Gardens Shopping Mall and Dubai International City.

Wahid Attala, operations director at Nakheel, said: "Service is proving to be a key differentiator in this region's increasingly competitive property sector.

"Palm Island's aggressive e-business project aims to achieve a more integrated approach to serving our customers through a multitude of channels while improving our operational efficiency by streamlining our internal business processes."

Oracle Property Manager is the cornerstone of The Palm island automation project. It offers the ability to support lease execution from both the tenant and landlord perspectives and addresses the needs of corporate real estate management, commercial property management, retail/ franchise operations and real estate investment trusts (REIT's).

"Oracle's Property Manager will provide us with a single, up-to-the-minute view of our client base, enabling us to create more targeted sales offerings while providing enhanced service capabilities and reducing operating costs," added Attala.