FINANCIAL NEWS

Dubai’s Nakheel incomes extend 19 percent

04 Feb 2016

(MENAFN) Dubai’s Nakheel proclaimed an increase in its net income by 19 percent last year to USD 1.19bn, as the real estate giant spreads its revenue base.

Moreover, the government-owned firm proclaimed a jump in its net incomes in 2015 to USD 1.19bn from USD 1.1bn.

Additionally, the firm launched its new Dragon Mart 2 shopping center in Dubai along with the attached ibis Styles hotel, Nakheel’s first hospitality asset.

The firm was part of the government-linked Dubai World group, which vibrated global markets in 2009 when it was facing problems paying off debts value USD 24.9bn.

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