Dubai’s Nakheel expects higher 2016 profitDubai property developer Nakheel expects 2016 annual net profit to exceed the 4.4bn dirhams ($1.2bn) it made last year, its chairman was quoted as saying by United Arab Emirates newspaper Al Ittihad yesterday.
Nakheel was focusing on retail as that was one of the sectors most in demand, according to Ali Rashid Lootah in the newspaper report. So far this year, Nakheel has delivered five new projects at a value of 1.5bn dirhams, including 1,300 retail outlets, he was quoted as saying.
