Revenues Lead Nakheel’s profits to Rise

Nakheel made a full-year net profit of Dh1.3 billion in 2011, 33 % up on the previous year, the company said on Monday.

The Dubai-based real estate developer recorded revenues of Dh4.1 billion through the handover of properties on various developments, including Palm Jumeirah, The World and International City, as Gulf News stated.