Tuesday, August 21, 2012

Nakheel resumes construction activities in Palm Jumeirah, Dragon Mart

Nakheel, after its restructuring process to manage debt, has resumed construction activities in the Palm Jumeirah and Dragon Mart at Dubai International City.

Recently, it sold a Dh.40mn plot on the Palm Jumeirah Island.

The developer also revealed that it recorded a strong profit of 36 percent during the first half of 2012, surpassing that of the previous year.

The Managing Director of Harbour Real Estate, Mohanad Al Wadiya, speaking about the market, said that confidence is returning to the market, with major developers reporting healthy profits and renewed activities. The industry is certainly more vibrant now.

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