Thursday 30 April 2015

Dubai developer Nakheel doubles first-quarter profit to Dh1.35bn | The National

Dubai developer Nakheel doubles first-quarter profit to Dh1.35bn | The National:



"Nakheel’s first-quarter profit more than doubled to Dh1.35 billion, the company reported yesterday.



The developer, owned by the Dubai government, said that net profit for the first three months of the year rose more than 114 per cent from the Dh629 million reported during the same period the previous year.



Despite a slowdown in the Dubai housing market, Nakheel attributed the profit growth to “a strong performance by the development business, with ongoing handovers of properties to customers”."



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