Nakheel’s net profit for the first nine months was AED 3.86 billion

Media IN/ WAM 14 November 2018
Nakheel Real Estate Development Company (Nakheel) reported a net profit of AED 3.86 billion for the first nine months of 2018.
The company has announced that it has delivered 588 residential units since the beginning of the year, while residential development continues to be the main focus of the company’s business, with a focus on continued expansion in the hospitality, retail and leasing sectors, with annual revenues of AED 2.6 billion (about 40 percent of the total) Delivery of new projects.
Last month, Nakheel announced the launch of two new residential developments – Dragon Towers and Jumeirah Park Homes – to increase the number of new residential units and reflect the company’s future profits by delivering its projects.
Nakheel last month laid the foundation stone for its AED 713 million Dragon Towers project, which is due to be completed by 2021, while the construction of 147 swimming pools will start in the prestigious Jumeirah Park community in 2019.