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Nakheel logs USD803m profit in H1

27 Jul 2016

(MENAFN) Nakheel, Dubai-based and one of the world’s leading developers, said it has recorded a 4% net profit increase to USD803 million for the first half of this year.

Moreover, the company has completed some milestones, including the opening of Dragon Mart 2 and the first of a series of expansions at Ibn Battuta Mall.

Consequently, Nakheel handed over 1,177 units to customers during the first half of 2016, with its retail, residential leasing is a key reason to the results.

Nakheel’s existing retail portfolio has also jumped by 35 percent (1.1 million sq ft), Nakheel also opened its first hotel ” a 251-room property attached to Dragon Mart 2 and managed by Accor.

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