Nakheel Properties, the indebted state-owned developer, said its first-half profits jumped 36 percent on Monday, buoyed by property handovers on several projects.
Nakheel, whose extravagant developments at the height of Dubai's property boom contributed to the emirate's debt woes, has been slowly recovering from the crippling real estate collapse.
The developer said net profit was 767 million dirhams ($208.82 million) in the first six months of the year, up from 562 million dirhams in the year-ago period.
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