DUBAI Dec 19 Dubai property developer Nakheel
expects 2016 annual net profit to exceed the 4.4
billion dirhams ($1.2 billion) it made last year, its chairman
was quoted as saying by United Arab Emirates newspaper
Al-Ittihad on Monday.
* Nakheel was focusing on retail as that was one of the
sectors most in demand, according to Ali Rashid Lootah in the
* So far this year, Nakheel has delivered five new projects
at a value of 1.5 billion dirhams, including 1,300 retail
outlets, he was quoted as saying.
* Net profit for the first nine months of 2016 was 3.91
billion dirhams, up from 3.61 billion dirhams in the
corresponding period of last year, the company reported in
($1 = 3.6728 UAE dirham)
(Reporting by Hadeel Al Sayegh; Writing by Tom Arnold; Editing
by David French)