Dubai – Mubasher: Nakheel Properties generated a net profit of AED 3.86 billion ($1.05 billion) during the first nine months of 2018, compared to AED 4 billion ($1.09 billion) in the year-ago period.
Revenues generated from residential development, hospitality, retail, and leasing hit AED 2.6 billion from January to September, according to the Emirati real estate developer’s statement on Wednesday.
The company’s year-to-date delivery of property units reached 588, the statement added.
In October, Nakheel unveiled its Dragon Towers project with AED 713 million in investments and it is expected to be finished during 2021.
The Dubai-based developer also launched another project under the name Jumeirah Park Homes which includes 147 four-bedroom homes, with construction works are set to start at the beginning of 2019.
Since January 2018, Nakheel started various projects that comprise the newly launched Dragon Towers, the main bridge that links Deira Islands and mainland Dubai, the RIU and Centara joint venture (JV) resorts at Deira Islands, Deira Mall, Nad Al Sheba Mall, and PALM360.
