UAE-based real estate developer Nakheel Properties aims a 66% increase in value of awarded contracts, reported The National.
Nakheel Properties expects an increase from AED 6 bn this year to AED 10 bn in 2017. The list of planned projects include a mall likely to be located on the Deira Islands project for AED 3.67 bn as well as Palm 360, a hotel and a residential complex.
Further developments include Jebel Ali Gardens development offering nearly 10,000 apartments and Palm Gateway, a complex comprising three residential towers.
Nakheel began a restructuring process in 2011 and recorded an increase in net profits in 2016 by 39% year-on-year, and up to AED 3.61 bn.