{"id":30675,"date":"2016-10-19T16:09:48","date_gmt":"2016-10-19T09:09:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=30675"},"modified":"2016-10-19T14:19:51","modified_gmt":"2016-10-19T07:19:51","slug":"dubais-nakheel-reports-22-per-cent-rise-in-profit-for-third-quarter","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-nakheel-reports-22-per-cent-rise-in-profit-for-third-quarter\/","title":{"rendered":"Dubai's Nakheel reports 22 per cent rise in profit for third quarter"},"content":{"rendered":"


\nThe Dubai-based property developer Nakheel said that its profit rose 22 per cent during the third quarter, reflecting what it described as “stable market conditions.”Net income for the three months to the end of September hit Dh955m, compared with Dh781m in the same period last year, but down from Dh1.4 billion in the second quarter of this year.Nakheel did not provide revenue figures for the third quarter or a detailed breakdown of costs and how its profit was achieved.As an unlisted company, Nakheel is not required to provide detailed accounts of its financial performance.”The growth in our net profit for the first nine months of 2016 compared to the same period in 2015 is a sign of a stable and mature local real estate market,” said the Nakheel chairman Ali Rashid Lootah.”The results also reflect positively on our business strategy to invest in our income-generating asset portfolio. We expect to further consolidate on our position and finish the year on an even stronger note.”Nakheel in August repaid a Dh4.4bn Islamic bond, finally bringing to an end a process of financial restructuring that began five years ago after Dubai’s debt crisis.The developer said that it has more than 2,300 units at various development projects under construction, declining to give details about how many units had been handed over during the third quarter.jeverington@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Dubai’s Nakheel reports 22 per cent rise in profit for third quarter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai-based property developer Nakheel said that its profit rose 22 per cent during the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-30675","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7YL","jetpack-related-posts":[{"id":53005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flat-profit-in-first-quarter-for-nakheel\/","url_meta":{"origin":30675,"position":0},"title":"Flat profit in first quarter for Nakheel","date":"April 26, 2017","format":false,"excerpt":"\r Nakheel reported first-quarter profit of Dh1.48 billion, flat on a year earlier, as handovers slowed.The Dubai government-owned property developer reported a profit of Dh1.47bn in the same period last year.Nakheel said that it delivered 412 units to customers during the quarter, compared with 536 a year earlier.The developer said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/handovers-lift-nakheel-first-quarter-profit\/","url_meta":{"origin":30675,"position":1},"title":"Handovers lift Nakheel first-quarter profit","date":"April 20, 2016","format":false,"excerpt":"\r \r First-quarter profit at Nakheel increased by an annualised 8 per cent as it opened new shops and hotels and handed over homes.The Dubai government-owned property developer said net profit came in at Dh1.47 billion for the three months to the end of last month from Dh1.35bn a year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-reports-flat-quarterly-profit\/","url_meta":{"origin":30675,"position":2},"title":"Nakheel reports flat quarterly profit","date":"July 27, 2016","format":false,"excerpt":"\r The Dubai developer Nakheel said on Wednesday its second-quarter net profit was flat as the Dubai property market remained in the doldrums.Net profit for the three months ending June 30 stood at Dh1.4 billion, the same figure for the same period a year earlier, according to figures published by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-reports-19-full-year-gain-despite-fall-in-q4-profit\/","url_meta":{"origin":30675,"position":3},"title":"Nakheel reports 19% full-year gain despite fall in Q4 profit","date":"February 4, 2016","format":false,"excerpt":"\r \r Fourth-quarter profit at the Dubai developer Nakheel fell by 28.7 per cent, company figures show, as Dubai's housing market continued to slow.According to figures provided by Nakheel, profit for the three months to the end of December 2015 fell to Dh770 million from Dh1.08 billion a year earlier.Nakheel,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42559,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-handovers-and-retail-expansion-drive-nakheel-to-record-figures\/","url_meta":{"origin":30675,"position":4},"title":"Property handovers and retail expansion drive Nakheel to record figures","date":"February 1, 2017","format":false,"excerpt":"\r Nakheel, the company that built Palm Jumeirah, yesterday said net profit last year increased by 13 per cent on higher property handovers and retail expansion despite a softening property market in Dubai. The government-owned developer, which was at the centre of the Dubai World crisis in 2009, said that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-mall-rises-on-dubais-palm-jumeirah\/","url_meta":{"origin":30675,"position":5},"title":"Nakheel Mall rises on Dubai's Palm Jumeirah","date":"May 11, 2016","format":false,"excerpt":"\r Construction of Nakheel Mall on Palm Jumeirah is approaching 50 per cent complete, according to the Dubai developer.Nakheel said that the mall's three underground parking levels, containing 4,000 spaces, are \"nearly complete\", with the overall superstructure due to be finished in the third quarter of this year.It added that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/30675"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=30675"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/30675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=30675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=30675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=30675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}