Nakheel generates Dh4.38b net profits for 2018
![Nakheel generates profits](https://www.armsmcgregor.com/wp-content/uploads/2019/03/pepp.jpg)
Dubai: Nakheel recorded net profit of Dh4.38 billion in 2018, a period in which it has focused heavily on existing projects, both nearing completion and those with a longer timeframe. A year ago, the net profit was Dh5.67 billion. “Nakheel is targeting a substantial increase in annual recurring revenue in the next five years as…