The 32-year-old has ended his three-year stay with Crystal Palace after signing for the Blue Wave.
Cabaye was out of contract this summer at Palace, although he had been offered a new deal on reduced terms by the club.
But he has opted not to sign the new contract on offer and the Frenchman has now signed a two-year contract with Nasr, as confirmed by the Arabian Gulf League side on their Twitter page.
It brings to an end his three years at Selhurst Park, having signed from Paris Saint-Germain in the summer of 2015, when he linked up again with his former boss at Newcastle United, Alan Pardew.
Cabaye was a first team regular under several different managers during his time at Palace, and played more than 100 times for the Eagles in all competitions, scoring 10 goals.
Nasr announced the deal on Tuesday and the Dubai club also announced he will wear the No7 shirt.
Cabaye had previously also played for Lille and Newcastle United and has been capped 48 times by France, playing at the 2014 World Cup in Brazil.
Nasr finished fourth in the AGL last season, 16 points behind champions Al Ain. And in a bid to close that gap, they have acted swiftly in the early throes of the summer transfer window.
Their quest for a new No9 ended last month with the capture of Brazilian Iury de Castilho from Ukraine’s Zorya Luhansk.
The 22-year-old struck on 11 occasions in 25 Ukrainian Premier League matches last term for his fourth-placed employers.
In the domestic market, they’ve already acted early to land UAE centre-back Mohammed Marzooq from Shabab Al Ahli Dubai Club and exciting young forward Mohamed Al Akbari from Al Wahda.
Nasr could yet retain Lebanon centre-back Joan Oumari and they remain in the mix to extend Brazilian Marcelo Cirino’s successful loan from Atletico Paranaense – or make it permanent.
Al Wasl have swooped in to snare UAE centre midfielder Khamis Esmail on a three-year contract from Shabab Al Ahli Dubai Club in what will be one of the Arabian Gulf League’s standout transfers of the summer market.
Esmail, 28, had grown into a standout figure for club and country during the past few seasons. His exploits at Al Jazira saw him complete a groundbreaking switch to – the now defunct – Al Ahli for approximately Dh60 million in January 2016.
But a combination of injury, indifferent form, instability at newly merged employers and the demands of the freshly introduced salary cap saw him made available for transfer at the end of 2017/18.
The 54-times-capped Whites star had been expected to move to Al Nasr. But he will now don the yellow of their Bur Dubai rivals after Thursday’s shock developments.
“I would like to express my happiness about joining the ranks of Al Wasl because of their historical achievements and large fan base,” said Esmail about joining last term’s third-placed finishers.
“I have huge enthusiasm to represent Al Wasl and to provide my best to achieve the aspirations of the team and fans.
“I wish to perform well and contribute with my colleagues to achieving trophies.”
Esmail is the second UAE international to recently depart Rashid Stadium. Centre-back Mohammed Marzooq agreed to join Nasr last month on a four-year deal.
Wasl previously made underutilised Al Ain striker Yousef Ahmed the first signing of new coach Gustavo Quinteros’ reign.
Mamic, 46, delivered both the Arabian Gulf League and President’s Cup last term – an achievement that had previously eluded the UAE’s most-decorated club.
This success came amid a high-profile and lengthy corruption investigation in his homeland that saw him handed a four-years-and-11-months prison sentence last week for his role in a multi-million-euro abuse of power while at Dinamo Zagreb. Mamic had two spells there as a player, plus won three-successive Croatian First League crowns as head coach from 2013-16.
Mamic, along with his brother Zdravko – who was executive director – plus a group of other officials, has vehemently protested his innocence and issued plans to lodge an appeal.
“I am very happy to continue with the team and would like to reiterate my thanks and appreciation to Al Ain for that confidence,” said the Garden City tactician, who was poached from Saudi Arabia’s Al Nassr in February 2017. “I promise everyone to show my best in the next season, which will feature great challenges.
“Our goal in the new season is to be better than last season. We are working to develop our capabilities and strengthen our capabilities in a way that enables us to emerge as the victor in all challenges.
“Our main goal is to offer an exceptional season, that concludes with great achievements that will delight the supporters.
Further movement is also expected about the expired deals of superstar playmaker Omar Abdulrahman, fellow AFC Player of the Year winner Ahmed Khalil and UAE veteran centre-back Ismail Ahmed.
The trio’s contracts expired this month, making them highly desirable free agents. This has also opened up fresh talk about Amoory making the long-debated move to Europe.
But Al Ain insisted discussions are ongoing with the players and their decision to allow the lapses was based on working out how to best fit them into the UAE Football Association’s stringent new salary cap.
A club statement read: “Al Ain stresses its keenness to continue with the team’s stars after the official announcement of new offers to extend the contract with the players.
“Their contracts were ended because of the desire of the club to maintain its players in line with the salary cap and in a manner that does not contradict with the rules and the decision issued by the authority responsible [UAE Football Association].
“Al Ain will also like to point out that the report of coach Zoran Mamic included the identification of some Emirati players and the club has started negotiations with them to strengthen the team.”