CEO of Dubai-based Nakheel has noted that the success of the initial public offering (IPO) launched by Emaar Properties for its malls construction and management arm Emaar Malls Group (EMG) may convince Nakheel to consider an IPO of its own, according to Construction Week Online.

The CEO of the Dubai government-owned developer, Sanjay Manchanda, said that it was looking at a number of options to raise funding, including an IPO, news agency Reuters reported.

"The market is definitely very receptive to Dubai IPOs now. The success of Emaar will be an encouraging sign for us. Should we decide to list shares, the market will receive it well," Manchanda said in Cityscape event in Dubai, noting that no advisors have been appointed at this stage.