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FINANCIAL NEWS
Dubai-Nakheel posts USD 0.41bn profit for Q1
21 Apr 2016
(MENAFN) Dubai property developer Nakheel recorded a USD 0.41bn net profit for Q1 of 2016; with an 8 percent grow over USD 0.36bn in the same period of 2015.
Accordingly, the profit increase was related to it handing over 536 completed units and its retail, residential leasing and hospitality.
In addition, Nakheel opened Dragon Mart 2, almost doubling the size of the Dragon Mart mall complex to 2.2mn sq ft of leasable space.
Moreover, it is also on target to open a 300,000 sq ft extension to its flagship Ibn Battuta Mall in the second quarter of 206, and will increase its portfolio of retail.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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